8,748.75-43.45
Stock Analysis, IPO, Mutual Funds, Bonds & More

BigBasket acquires micro-delivery firm, DailyNinja

The hyperlocal milk delivery segment was expected to see further consolidation over the next 9-12 months, driven by poor economics, complex supply chain and longer gestation period to profitability.

ET Bureau|
Last Updated: Mar 25, 2020, 07.59 AM IST
0Comments
big-basket
DailyNinja has around 1,10,000 daily transacting customers and a network of 2,000 milkman partners across India while BBDaily makes about 1,60,000 deliveries per day.
BENGALURU: BigBasket has acquired micro-delivery startup DailyNinja to consolidate its subscription delivery business. The deal values Bengaluru-based DailyNinja at around Rs 48 crore in stock, people aware of the matter told ET requesting anonymity.

The online grocery delivery startup had earlier acquired Pune-based RainCan and Bengaluru-based Morningcart for its morning delivery service, BBDaily. While DailyNinja has around 1,10,000 daily transacting customers and a network of 2,000 milkman partners across India, BBDaily makes about 1,60,000 deliveries per day.

“Business with small traders is a key and growing part of BigBasket’s business,” said Hari Menon, CEO of BigBasket. “We also aim to improve delivery productivity and achieve breakeven much sooner than planned.”

In November, ET reported that the hyperlocal milk delivery segment was expected to see further consolidation over the next 9-12 months, driven by poor economics, complex supply chain and longer gestation period to profitability. DailyNinja counts Matrix Partners and Sequoia Capital as investors and has raised about $10 million.

Also Read

Delivery startup DailyNinja acquires WakeupBasket

DailyNinja gets funding from Matrix, Sequoia & Saama Cap

DailyNinja buys out 4amShop in all-cash deal

DailyNinja to offer customers home services through HouseJoy

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service