Roadrunnr, a Bangalore-based B2B hyperlocal logistics startup, has today announced that it has expanded it’s operation to 11 more cities in India. Now, the cities which are being covered by the company include Bangalore, Mumbai, Pune, Delhi/NCR, Gurgaon, Ghaziabad, Chandigarh, Hyderabad, Lucknow, Indore, and Kolkatta.
The company, which currently claims to be making more than 25,000 deliveries per day, is expecting to reach the milestone of 1,00,000 deliveries per day by early 2016.
It is working with more than 4,000 merchants in India across various categories such as restaurants, pharmacies, ecommerce, etc. It’s clientele include Copper Chimney, Noodle Bar, Bikanerwala, food chains like Faasos, Ammi’s Biryani, JumboKing, 1mg, Mywash, Ferns & Petals, etc.
Founded by Mohit Kumar and Arpit Dave, the company enables handling logistics at scale and run operations in an efficient manner. It empowers merchants across India with the capability to deliver orders rapidly and on-demand to customers in their locality by connecting them with a supply force using mobile platform.
The functioning model and personnel management of the company is unique from other similar logistics service startups. It partners with students, drivers and others on a part time basis. Their pricing model also differs from others as they charge merchants a flat fee based on their shipment size rather than the value of the order.
Till now, the company has raised around $11mn in funding, backed by Sequoia Capital, Nexus Venture Partners and Blume Capital.
Mohit Kumar, Co-founder & CEO, Roadrunnr, said,
B2B hyperlocal logistics at a large scale has yet to be tackled at a deeper level. We are focussed on solving several critical challenges in the space and our learning will come from growing in different geographies.
Hoperlocal segment can be considered as one of the fastest growing start-up segment in India right now. Many companies in this space have raised significant amount of funding, such as Grofers, PepperTap, etc.
Just yesterday, two start-ups in this space – Quickli and DailyNinja raised undisclosed amount of funding in their seed round,s led by 500 Startups and Taxi For Sure’s Aprameya Radhakrishna respectively.
