DailyNinja secures USD 3 mn funding from Saama, Sequoia Capital

Hyperlocal subscription-based delivery startup Daily Ninja has announced raising funds worth USD 3 million from Saama Capital and existing investor Sequoia Capital.

The company which provides early morning delivery everyday essentials, will utilize the funds in expanding and becoming a household name across Bengaluru and Hyderabad.

After receiving funds from VC round in October 2017, this is the second time the company has secured funding. With a total USD 4.5 million, the company intends to use the capital to expand their business by acquiring more customers across Bengaluru, Hyderabad and Gurgaon.

The funds will also be used upgrade customer experience by adding more offerings for their customers.

"With this fundraise we plan to expand in new cities and capture a bigger customer base in our home city of Bengaluru. We are delighted to have two very successful and respected investors in Sequoia and Saama capital partner with us," said CEO and co-founder Daily Ninja, SagarYarnalkar.

"This round will help us achieve our objective of reaching to 100k deliveries a day over the next 12 months. Our focus will continue to be on scale while ensuring better experience for our customers, we plan to bring Dailyninja to Hyderabad and Gurgaon soon," said co-founder of Dailyninja, Anurag Gupta.