Hyperlocal delivery startup Roadrunnr expand to 11 more cities

Hyperlocal business-to-business delivery start-up Roadrunnr, run by Carthero Technologies Pvt. Ltd, has expanded its services from Bengaluru and Delhi to 11 cities.
Roadrunnr

Hyperlocal business-to-business delivery start-up Roadrunnr, run by Carthero Technologies Pvt. Ltd, has expanded its services from Bengaluru and Delhi to 11 cities.
Having raised $11 million in a Series A funding round from Sequoia Capital, Nexus Venture Partners and Blume Ventures, hyperlocal business-to-business delivery start-up Roadrunnr has expanded its services from Bengaluru and Delhi to 11 cities.  
Roadrunnr now claims to work with about 4,000 merchants across these cities, handling more than 25,000 deliveries a day. It operates in Bengaluru, Mumbai, Pune, Delhi, Gurgaon, Ghaziabad, Chandigarh, Hyderabad, Lucknow, Indore and Kolkata.
The company, which started out as a service to restaurants, has also expanded its scope to online pharmacies, including 1mg, and laundry services such as Mywash. Roadrunnr is also working with e-commerce companies to handle time-bound last mile deliveries.
“B2B hyperlocal logistics at a large scale is yet to be tackled at a deeper level. We are focused on solving several critical challenges in the space and our learning will come from growing in different geographies,” said Mohit Kumar, co-founder and chief executive at Roadrunnr.
The company claims to work with students and drivers, among others, on a part-time basis to ensure an efficient delivery mechanism. According to the company website, Roadrunnr charges merchants a flat fee of Rs.40 for the first 4.5km and Rs.10 for every subsequent km, unlike most hyperlocal services that charge a part of the order amount as commission.
In this space, RoadRunnr competes with companies such as Delhi-based Turant Delivery and Quickli, and Mumbai-based Shadowfax and Grab.in. Barring Grab.in, which was founded in 2010, the rest are nascent businesses that were founded this year.
Apart from RoadRunnr, only Grab.in has raised institutional funding of $1 million in April from Oliphans Capital and independent investor Haresh Chawla. The hyperlocal delivery space has emerged as one of the hottest sectors of late. Companies such as Grofers and PepperTap in the grocery space, Swiggy and TinyOwl in the food delivery space, and Zopper in the electronics segment have together mopped up more than $110 million since February this year from investors such as Matrix Partners, Sequoia Capital, Nexus Venture Partners and Tiger Global Management. 

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