Online food delivery and restaurant discovery platform Zomato has finally acquired on-demand logistics and food delivery startup Runnr.
“Emotionally, the deal has been in place for a couple of months now, and both the teams have been working closely with each other quite some time now. So much so, Mohit Kumar, the Founder & CEO of Runnr, has been living in Delhi (moving from Bangalore) for about two months already,” said Deepinder Goyal, CEO Zomato.
However, the intricate financial terms or any other details of the acquisition were not disclosed.
Runnr co-founder and CEO Mohit Kumar and the rest of the founding team will continue to run the business.
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“Runnr is already efficiently fulfilling 300k orders a month – which is just a tad less than 10% of our food ordering volumes,” he added.
Operated by Carthero Technologies Pvt. Ltd, Runner was formed after on-demand logistics startup Roadrunnr acquired troubled food-ordering startup TinyOwl in a share-swap transaction in June last year, a deal orchestrated by the common investors of the two startups. Runnr then pivoted to food delivery.
“You will see our team in their red Zomato t-shirts delivering food to you. We’ve been adding to our Runnr team steadily over the past week; it is already 1500 strong, and growing by the day,” Goyal said.
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