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Sep, 21 2018

Matrix Partners India invests in DailyNinja

This development comes just a few months after the delivery startup raised $3 million from Saama Capital.

DailyNinja, a delivery startup for milk and groceries, has raised an undisclosed amount of funding from Matrix Partners India. Existing investors including Sequoia India and Saama Capital also participated in this funding round.

This development comes just a few months after the delivery startup raised $3 million from Saama Capital.

The Bengaluru-based company will use the fresh funds to accelerate growth, expand the footprint and hire talent. It is also aiming to clock 1,00,000 daily transactions in the next six months.

Sagar Yarnalkar, Chief Executive of DailyNinja, said, "We want to grow as fast as we can and have the maximum number of customers on our platform. We also want to expand our team and hire talent for operations and tech."

DailyNinja was founded by Yarnalkar and Anurag Gupta in July 2015. Currently, it is operational in Bengaluru, Hyderabad and Chennai.

Gourav Bhattacharya, Director of Matrix India, said, "Of all the players in this (milk delivery) market, DailyNinja’s model seemed to be best suited to scale. They have a hybrid model where they are relying on the existing milk delivery system and have some in-house fleet, which makes it highly scalable."

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