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Hyperlocal delivery firm Roadrunnr raises $11 mn in funding round from Sequoia, Nexus, Blume

Bengaluru-based Roadrunnr, a B2B online platform and service provider
for hyperlocal logistics, has raised $11 million in its first funding round
from Sequoia Capital, Nexus Venture Partners and Blume Ventures.

The company previously raised seed funding of $10 million from Nexus Venture
Partners and Blume Ventures, reports the Times of India.

Bengaluru-based Roadrunnr, a B2B online platform and service provider
for hyperlocal logistics, has raised $11 million in its first funding round
from Sequoia Capital, Nexus Venture Partners and Blume Ventures.

The company previously raised seed funding of $10 million from Nexus Venture
Partners and Blume Ventures, reports the Times of India.


Co-founded by
ex-Flipkart employees Mohit Kumar and Arpit
Dave, Roadrunnr team members also include ex-Ola and
ex-Amazon work force. They are building a technology platform that enables
handling logistics at scale and run operations in an efficient manner. The company
partners with students, drivers and others on a part time basis. Their pricing
model differs from other aggregators as they charge merchants a flat fee based
on their shipment size rather than the value of the order.

Commenting on the investment, CEO Mohit Kumar, told the Times of India,
“Having seen on-demand delivery being a clear trend in India driven by the
consumer’s desire for convenience and quality, we at Roadrunnr are committed to
solving the hyper local logistics problem for merchants and online aggregators.
Our services are asset light, involving no hubs or warehouses, which allows a
flexible model for both merchants and drivers. In a short span of time, we have
been able to achieve delivery accuracy of close to 100% and have reached about
1500 orders a day.”

The company
claims to have the largest fleet for on-demand services in Bengaluru and
has recently started operations in Delhi NCR. Currently, the
company is piloting its services in Mumbai.

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