Bengaluru-based hyperlocal subscription-based delivery startup DailyNinja has raised $3 Mn from Saama Capital and existing investor Sequoia Capital.
With the latest funding, the startup plans to expand their business by acquiring more customers across Bengaluru, Hyderabad and Gurugram. The funds will also be used upgrade customer experience by adding more offerings for their customers.
Commenting on the development, Anurag Gupta, Co-Founder of DailyNinja said, “This round will help us achieve our objective of reaching to 100k deliveries a day over the next 12 months. Our focus will continue to be on the scale while ensuring a better experience for our customers, we plan to bring DailyNinja to Hyderabad and Gurugram soon.”
Founded in 2015 by Sagar Yarnalkar and Anurag Gupta, DailyNinja provides early morning delivery everyday essentials and delivers Milk and Groceries to 25000 households every day across the Bengaluru and Hyderabad.
On the investment, Ash Lilani, Partner at Saama Capital said, “We have been impressed by the way Sagar and Anurag have built significant traction in a very capital efficient manner and with a sound growth strategy. We believe the time is ripe for a rapid acceleration in this segment and we believe this is the right team who can execute and scale.”
With last round of $1.5 Mn VC funding in October 2017 from Sequoia Capital, DailyNinja has raised $4.5 Mn funds till date from well-known angel investors Kunal Shah and Sandeep Tandon of Freecharge, Aprameya Radhakrishna of TaxiForSure, Anupam Mittal of Shaaid.com and others.
Shailesh Lakhani, Partner at Sequoia Capital added, “The DailyNinja team has executed well to build an efficient at home distribution model that we believe has broad applicability. Sequoia India is excited to continue to partner with them and to help them build a much larger footprint over the coming years.”