Roadrunnr, a B2B online platform and service provider for hyper local logistics, has raised $11 million from Sequoia Capital, Nexus Venture Partners and Blume Ventures. Raised investment amount will be used to enhance its technology platform, expand nationally and build a dense delivery network.
Bangalore- based startup aims 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.
It recently started its operations in Delhi NCR and has plans of expanding pan India. Currently, the company is piloting its services in Mumbai and is seeing a strong response from merchants.
The company has partnered 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 based on their shipment size rather than the value of the order.