Bangalore-based DailyNinja, a hyperlocal mobile solution for all subscription based daily needs has raised an undisclosed amount in a Pre-Series A round of funding led by Venk Krishnan (NuVentures). Krishnan is an existing investor from its previous round.
Other key investors in the round include, Aprameya Radhakrishna (Founder of TaxiForSure), Anupam Mittal (shaadi.com and People Group), Kunal Shah of Freecharge, Tracxn Labs, Subramanya SV (ex-Partner BVP), Ravi Garkipati (EIR and SVP at Flipkart) apart from several other Indian and Singapore based investors. The round was raised using the LetsVenture platform and TracxnSyndicate.
Neha Singh, co-founder of Tracxn said “The team is solving the challenges that exist in the supply of daily consumer essentials by leveraging the network of existing low-cost operators making it scalable and profitable at the same time. In addition, the company has a strong team with the execution capabilities to scale this model efficiently”.
DailyNinja was founded by BITS Pilani graduates Sagar Yarnalkar and Anurag Gupta in June 2015. Both of them are serial entrepreneurs and were previously co-founders at Appspire technologies, a Mumbai-based mobile services company.
It allows users to subscribe for daily needs such as milk, bread, eggs, curd, dosa batter, paneer and water cans, etc. It is currently present in Bangalore and claims to be fulfilling more than 6000 orders per day.
The startup will use the newly raised funds primarily to upgrade operations and expand the customer base.