- October 17, 2018 / 2 min readThis deal is DailyNinja's second acquisition in Hyderabad after the acquisition of 4amShop in August 2018.
The hyperlocal subscription-based delivery startup DailyNinja has acquired WakeupBasket, a Hyderabad-based firm, for an undisclosed amount in a cash and equity deal.
This deal is DailyNinja's second acquisition in Hyderabad after the acquisition of 4amShop in August 2018.
Post this acquisition, all of WakeupBasket employees will join DailyNinja platform. While the Founders of WakeupBasket, Satendra Pratap and Sai Varaprasad, will lead Hyderabad team of DailyNinja.
Anurag Gupta, Co-founder of DailyNinja, said, "Satendra and Sai are a dynamic duo with hands-on experience in scaling a similar model in Hyderabad. We thought they would be a great fit for our core team when we first met them and decided to go ahead with this acquisition."
DailyNinja was founded by Sagar Yarnalkar and Anurag Gupta in 2015. It runs a grocery and milk delivery service. The delivery startup is operating both a marketplace and an inventory-led model, and is earning revenue from subscriptions.
"We are growing at 20% MoM. This has been made possible by the launch in three new cities Chennai, Mumbai and Pune where we are seeing the excellent response. We are looking to reach 20,000 daily transactions from Hyderabad in the next six months, as we currently stand at 5000 transactions a day," Anurag added.
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