Sequoia Capital Pumps In $11 Million in Hyper Local Delivery Startup Roadrunnr

Bengaluru: Roadrunnr, the Bengaluru based hyper local delivery startup, raises $11 million in Series A round of funding led by Sequoia Capital. Existing investors Nexus Venture Partners and Blume Ventures were also a part of the round. With the latest funding, the company plans to enhance its technology platform, expand its operations nationwide and build a vast delivery network. Previously, the company had also raised seed funding of $10 million from Nexus Venture Partners and Blume Ventures.

Founded in February this year by former Flipkart employees, Mohit Kumar and Arpit Dave, Roadrunnr (operated by Carthero Technologies Pvt. Ltd.) is a B2B food delivery startup that helps the restaurants to easily deliver the food to the customers in their vicinity. It has strategic tie-ups with restaurants like asBrekkie and also with other online food ordering companies like Faasos, TinyOwl and Eatlo.As of now, Roadrunnr has a staff of over 300 delivery boys to serve the orders and claims to fulfill around 1500 orders every day.

 

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