Both companies with common investors – Sequoia & Nexus, aim to come out as an integrated hyperlocal delivery service, to win more customers and expand their business.
Earlier in March, reports surfaced that the two startups are in early stage talks on merge in an all stock deal. Post acquisition, the combined entity will build a out a consumer-facing product called Runnr.
Earlier in March 2016, Roadrunnr was forced to change the brand name to Runnr, after an unknown company filed a lawsuit against Roadrunnr over an intellectual property right. The startup also changed its domain name to runnr.in.
As a part of the deal, Runnr has on-boarded the technology, data analytics, sales, support and the management team at TinyOwl along with the brand name.