BigBasket entered the unicorn membership in 2019
BigBasket is backed by Alibaba and CDC group
DailyNinja’s traders embody Matrix Companions India and Saama Capital
After it grew to become evident that consolidation of the milk supply phase will work higher attributable to its complexities, a media report said that the small firms are eyeing mergers with greater firms to maintain themselves. The report additionally said that grocery supply firm BigBasket is in “superior” talks to accumulate micro-delivery platform DailyNinja for INR 100 Cr.
The Mint reported, citing sources, that DailyNinja has been making an attempt to lift funds for the final six months, however the efforts have been futile. ET additionally reported that the corporate is in search of consumers.
Nevertheless, when Inc42 reached out to substantiate the report, DailyNinja denied the event, whereas BigBasket selected to not touch upon it.
DailyNinja is a Bengaluru-based startup based in 2015 by Sagar Yarnalkar and Anurag Gupta. It’s a subscription-based platform, which supplies early morning supply of on a regular basis necessities. The corporate is backed by enterprise capital corporations resembling Matrix Companions India, Saama Capital and Sequoia Capital.
The corporate additionally has a formidable checklist of angel traders like Kunal Shah and Sandeep Tandon of Freecharge, Aprameya Radhakrishna of TaxiForSure and Anupam Mittal of Shaadi.com, amongst others.
It has additionally acquired two Hyderabad-based startups WakeUpBasket and 4amShop in 2018.
Another startups working within the milk micro-delivery sector are City Necessities, Milkbasket, Doodhwala and RainCan. On a better scale within the on-line grocery market, we’ve got main gamers like Amazon India, Flipkart, BigBasket amongst others.
Based in 2011 by VS Sudhakar, Hari Menon, Vipul Parekh, V S Ramesh and Abhinay Choudhari, BigBasket is a grocery supply startup that has managed to broaden its catalogue by together with family necessities and cosmetics, amongst others.
It claims to course of over 1 Lakh orders per day from its complete person base of 1 Cr. It presently operates in 25 cities together with Delhi, Mumbai, Bengaluru, Chennai and Hyderabad.
The corporate has raised near $1.02 Bn funding from traders like Alibaba, Mirae Asset World Investments, CDC group, Helion Enterprise Companions and Bessemer Enterprise Companions, amongst others.
Replace: November 15, 2019 | 1:29 PM
Corrected speculated quantity of acquisition
source https://cvrnewsdirect.com/is-bigbasket-looking-to-buy-micro-delivery-startup-dailyninja/
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