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DailyNinja secures USD 3 mn funding from Saama, Sequoia Capital

ANI  |  New Delhi [India] 

has announced raising funds worth USD 3 million from and existing investor

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

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 by acquiring more customers across Bengaluru, and

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 We are delighted to have two very successful and respected investors in Sequoia and with us," said CEO and 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 to and soon," said of Dailyninja, Anurag Gupta.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, June 13 2018. 11:50 IST