Hotline: 1800 102 2007
X
Search Business Opportunities
Oct, 17 2018

Delivery startup DailyNinja buys Hyderabad-based WakeupBasket

This deal is DailyNinja's second acquisition in Hyderabad after the acquisition of 4amShop in August 2018.

The hyperlocal subscription-based delivery startup DailyNinja has acquired WakeupBasket, a Hyderabad-based firm, for an undisclosed amount in a cash and equity deal.

This deal is DailyNinja's second acquisition in Hyderabad after the acquisition of 4amShop in August 2018.

Post this acquisition, all of WakeupBasket employees will join DailyNinja platform. While the Founders of WakeupBasket, Satendra Pratap and Sai Varaprasad, will lead Hyderabad team of DailyNinja.

Anurag Gupta, Co-founder of DailyNinja, said, "Satendra and Sai are a dynamic duo with hands-on experience in scaling a similar model in Hyderabad. We thought they would be a great fit for our core team when we first met them and decided to go ahead with this acquisition."

DailyNinja was founded by Sagar Yarnalkar and Anurag Gupta in 2015. It runs a grocery and milk delivery service. The delivery startup is operating both a marketplace and an inventory-led model, and is earning revenue from subscriptions.

"We are growing at 20% MoM. This has been made possible by the launch in three new cities Chennai, Mumbai and Pune where we are seeing the excellent response. We are looking to reach 20,000 daily transactions from Hyderabad in the next six months, as we currently stand at 5000 transactions a day," Anurag added.

Comment
image
Related opportunities
  • Payment Solution services
    This is a business of future India ( THE DIGITAL..
    Locations looking for expansion Rajasthan
    Establishment year 2012
    Franchising Launch Date 2016
    Investment size Rs. 10000 - 50 K
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Jaipur Rajasthan
  • Luggage, Hand bags & Backpacks
    About Us: Welcome to Doubleu Bag. We are proud to introduce..
    Locations looking for expansion Rajasthan
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
  • Fashion accessories - women
    About Us: UNISO is the modern shopping destination for modern INDIA. We..
    Locations looking for expansion Karnataka
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Quick Service Restaurants
    About Us: A new eatery in town serving  authentic Hungarian chimney..
    Locations looking for expansion Maharashtra
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater pune Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities