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Rajaram, Themis, IC Universal on Daily Ninja’s $2.7m Series A by Matrix Partners, Sequoia, Saama

Milk and grocery delivery startup DailyNinja has raised an estimated 20 crores (around $2.7m) in a Series A round of funding from Matrix Partners India, with participation from existing investors Sequoia India and Saama Capital. reported The Economic Times. The current investment comes a few months after a $3m fundraising led by existing investor Saama Capital a few months earlier.

Rajaram Legal represented Matrix Parters led by principal associate Prasad Subramanyan along with associate Steve Thomas.

Themis Associates advised Sequoia and Saama, led by associate Deepika Yadav.

IC Universal Legal advised startup DailyNinja, led by partner Sambhav Ranka along with senior associate Kanishka Bajpai.

Founded in July 2015 by Yarnalkar and Anurag Gupta, DailyNinja Delivery Services is a subscription based hyperlocal platform for managing and ordering daily needs such as bread, eggs, milk. With the current investment, the company shall be utilizing the funds to accelerate growth, expand footprint and hire talent.

2018-09-20

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