Company Name : Roadrunnr
Funding Amount : $11mn
Investor(s) Sequoia Capital, Nexus Venture Partners Blume Ventures.
Funding Round : Series A
Roadrunnr, a B2B online platform and service provider for hyper local logistics, has raised $11 million from Sequoia Capital and Nexus Venture Partners and Blume Ventures. This investment will help Roadrunnr enhance its technology platform, expand nationally and build a dense delivery network.
Bangalore based Roadrunnr aspires to provide every merchant in India the capability to deliver orders rapidly and on-demand to customers in their locality by connecting them with a supply force using mobile technology.
The company caters to merchants, restaurants and ecommerce companies, managing their deliveries in a cost effective manner while adhering to service level agreements. Roadrunnr has quickly grown to have the largest fleet for on-demand services in Bangalore and has recently started operations in Delhi NCR. It now plans to take this model across India and develop the largest fleet of on-demand hyperlocal delivery carriers in the country.
The company partners with students, drivers and others who work with Roadrunnr 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.
The company has previously raised seed funding from Nexus Venture Partners and Blume Ventures.