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India’s Hyperlocal delivery startup DailyNinja raises $3million from Saama Capital and Sequoia Capital

 

Hyperlocal subscription-based delivery startup DailyNinja on Wednesday said it has raised $3 million from Saama Capital and existing investor Sequoia Capital.

This is the second round of funding for DailyNinja after it raised a $1.5-million round in October last year from Sequoia Capital. This deal takes the total fundraising by DailyNinja to $4.5 million.

The startup will use the capital to grow its business by acquiring more customers across Bengaluru, Hyderabad and Gurugram and to expand its offerings, the statement added.

“This round will help us achieve our objective of reaching to 100,000 deliveries a day over the next 12 months. Our focus will continue to be on scale while ensuring better experience for our customers,” Anurag Gupta, co-founder of the venture, said.

the startup was founded in July 2015 by Gupta and Sagar Yarnalkar, both graduates from Birla Institute of Technology and Science (BITS), Pilani. Prior to establishing Daily Ninja, the dup co-founded Appspire Technologies, a Mumbai-based mobile services company. While Gupta was formerly with Goldman Sachs, Yarnalkar previously co-founded another startup taxi aggregator Scoot, which he exited.

The company claims to deliver milk and groceries to 25,000 households everyday across the two cities. DailyNinja competes with the likes of Milkbasket, Doodhwala, Town Essentials and RainCan in the micro delivery segment.

In August 2016, DailyNinja raised pre-Series A funds from a group of investors, led by existing investors Aprameya Radhakrishna, founder of TaxiForSure and Venk Krishnan of NuVentures.

In September 2015, it secured seed funding from Radhakrishna, FindYogi’s Naman Sarawagi, Delyver’s Afsal Salu and six others.

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