Milkbasket, the daily grocery delivery firm, has acquired a popular local e-grocery store in East Bengaluru, PSR SupplyChain. This acquisition will expand the hyperlocal delivery startup’s business in Bengaluru.
With this acquisition, the Gurugram-based firm will now integrate all of PSR SupplyChain's customers and offering into its portfolio.
Set up by Nagarjuna Reddy Chagamreddy and Sai Abhishek Velukuru in 2015, PSR SupplyChain has ceased its operations as of June this year. The company had established a network of more than 4,000 registered customers in four years of operations.
Anant Goel, Co-Founder and CEO, Milkbasket, said, "The acquisition of PSR Supply Chain helps us in further strengthening our customer base and offerings in Bangalore. While we are growing phenomenally on our own, we are always on the lookout for strategic acquisitions to help us shorten our learnings in specific regions or technologies."