20 September 2018, India:
Hyperlocal delivery startup DailyNinja has raised an undisclosed amount in fresh funding round from Matrix Partners India. Existing investors Sequoia India and Saama Capital also participated in the funding round.
The startup will use the fresh funding amount to further strengthen its presence in the daily essentials space and also in expanding to new cities beyond Bengaluru, Hyderabad and Chennai.
Gourav Bhattacharya, Director, Matrix Partners India said, “Daily consumption of milk is an India-specific habit. DailyNinja has been able to leverage this habit to create a pipeline to customers’ homes, and has built an attractive business on top of this distribution channel. Their unique hybrid approach of using the existing milk delivery system as well as their own in-house delivery fleet has enabled them to outpace competition.”
Sagar Yarnalkar, Co-founder, DailyNinja, said, “We clock about 35,000 deliveries per day and we are looking to accelerate it to about one lakh as we expand to new markets and deepen our reach in existing markets. We are the clear market leaders in this space and this investment is an outcome of the progress we have been making.”
DailyNinja was founded by Sagar Yarnalkar and Anurag Gupta in 2015. It is operated by DailyNinja Delivery Services Pvt. Ltd. It is hyperlocal delivery startup which delivers all your daily needs at your doorstep.
(Image – DailyNinja)