And there is more money being pumped in, to India’s rapidly growing hyper-local delivery segment. RoadRunnr, a B2B online platform and service provider for hyper local logistics, has announced closure of an $11 million Series A round from Sequoia Capital, Nexus Venture Partners and Blume Ventures.
RoadRunnr (the name perhaps taken from one of the favourites of 90’s kids, the RoadRunner Show) is building a robust technology platform that enables handling logistics at scale and run operations in an efficient manner. Its founders, Mohit Kumar and Arpit Dave, have both been at Flipkart, and so you know they have deep understanding of how logistics in delivery segments work.
The company aspires to provide every merchant in India the capability to deliver orders rapidly and on-demand to customers in their locality by connecting them with a supply force using mobile technology. The company caters to merchants, restaurants and ecommerce companies, managing their deliveries in a cost effective manner while adhering to service level agreements.
Speaking on their recent Series A round, Co-founder and CEO Mohit Kumar says,
We at Roadrunnr are committed to solving the hyper local logistics problem for merchants and online aggregators. Our services are asset light, involving no hubs or warehouses which allows a flexible model for both merchants and drivers.
RoadRunnr’s functioning model and personnel management is pretty unique from other similar logistics service startups. The company partners with students, drivers and others who work with Roadrunnr on a part time basis. Their pricing model differs from other aggregators as they charge merchants a flat fee based on their shipment size rather than the value of the order.
Roadrunnr, in a relatively short span of time, claims to have achieved delivery accuracy of close to 100% averaging about 1500 orders a day. Those, if true, are really impressive numbers.
The startup has quickly grown to have the largest fleet for on-demand services in Bangalore and has recently started operations in Delhi NCR.
With fresh capital influx, RoadRunnr now plans to take this model across India and develop the largest fleet of on-demand hyperlocal delivery carriers in the country. The company is piloting its services in Mumbai and is seeing a strong response from merchants.
