Supr Daily, a subscription-based daily consumables delivery service, has today announced that it has received $120,000 in funding from Y Combinator. This news comes just a couple of months after the company raised an undisclosed amount from a collective of angel investors.
The startup has been selected for the winter batch of Y Combinator, which is one of the top startup accelerators in the world. The funding of $120,000 in the startup is a part of this programme.
Apart from capital infusion, the company will also be a part of its three-month mentorship programme in Silicon Valley, which ends this month. Supr Daily is one of 12 Indian startups that have been picked for the programme this winter.
Kat Manalac, director of outreach at Y Combinator, said,
We have 12 Indian companies in the winter 2017 batch of YC and we would love to fund more in summer 2017. We have seen a large increase in applications from India in the past couple of years. After the US, we receive the most (number of) applications from India.
With selection into Y Combinator’s accelerator program, Supr Daily joins the likes of other Indian startups, namely ClearTax, Justride, RazorPay, and Innov8 that have been selected in the coveted programme in the past.
Supr Daily was founded in 2015 by IIT-Bombay alumnus Puneet Kumar and Shreyas Nagdawane. Earlier, in December last year, it had raised undisclosed amount in seed funding from Apoorv Ranjan Sharma, Anil Jain, Anuj Golecha, Krishna Jhunjhunwal and Anirudh Damani, along with Dheeraj Jain and Harsh Rajgarhia.
It is a subscription brand that delivers daily consumable goods such as milk, bread, eggs, coconut water, etc to its users every morning. The company follows a direct-to-consumer model adopted from the daily milk use-case in India to make deliveries, which has allowed it to bring down the delivery cost per order to as low as Rs 1-3.