Is BigBasket Looking To Buy Micro-Delivery Startup DailyNinja?

Is BigBasket Looking To Buy Micro-Delivery Startup DailyNinja?

SUMMARY

BigBasket entered the unicorn club in 2019

BigBasket is backed by Alibaba and CDC group

DailyNinja’s investors include Matrix Partners India and Saama Capital

After it became evident that consolidation of the milk delivery segment will work better due to its complexities, a media report stated that the small companies are eyeing mergers with bigger companies to sustain themselves. The report also stated that grocery delivery company BigBasket is in “advanced” talks to acquire micro-delivery platform DailyNinja for INR 100 Cr.

The Mint reported, citing sources, that DailyNinja has been trying to raise funds for the last six months, but the efforts have been futile. ET also reported that the company is looking for buyers. However, when Inc42 reached out to confirm the report, DailyNinja denied the development, while BigBasket chose not to comment on it.

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