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Bangalore-based online grocery retailer BigBasket has acquired hyperlocal delivery startup Delyver in a cash-and-stock deal in a bid to strengthen its delivery mechanism in all the 50 cities it is currently operational in.

The financial terms of the deal has been left undisclosed for now.

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Based out of Bangalore and founded in 2010 by IIM Lucknow graduates Afsal Salu, Praful Thachery and Reebu VargheseDelyver connects offline retailers in a neighborhood with customers from the same neighborhood. In other words, Delyver is a neighborhood marketplace which claims to deliver of products within one hour. The company had raised over $1 Mn in a funding round last year in November.

Delyver claims to deliver products in 90 minutes and it directly competes with other hyperlocal delivery startups including Grofers, Peppertap, ZopNow.

Related: A Look Into Hyperlocal Delivery Startups & Their Market In India

VS Sudhakar, Hari Menon, Vipul Parekh, VS Ramesh and Abhinay Choudhari founded BigBasket. The startup is backed by LionRock Capital, Ascent Capital, serial entrepreneur K Ganesh’s startup factory GrowthStory and others.

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