Online food delivery firm Zomato has acquired hyperlocal logistics Startup Runnr in an all-stock deal. Through this deal Runnr has pegged at around $ 40 million. The acquisition is a part of Zomato’s strategy to strengthen its delivery service that is facing stiff competition from Naspers-backed Swiggy.

 

Zomato and Uber plans to acquire Runnr

ET had detailed in May, that both Zomato and UberEATS were in talks for a potential obtaining of the Nexus Venture Partners-supported coordination’s firm even as the battle in the sustenance innovation space is progressively ending up being three-legged between Zomato, Swiggy, and UberEATS.

 

Runnr function’s as Independent Logistics Company

The deal will see Runnr work as an independent logistics company, with Runnr proceeding with conveyances in pharma, ecommerce and grocery also. Currently, about 92% of the orders fulfilled by Zomato is being fulfilled by third party logistics players. Through this arrangement, around half of the requests will act naturally satisfied by Zomato throughout the following couple of months. Runnr’s capacities will now be utilized to satisfy Zomato’s conveyances in India and UAE.

 

Views of Mohit kumar

Mohit Kumar, CEO of Runnr told that “About 95% of our orders come from the food delivery sector with the remaining from pharma, e-commerce, and grocery. Zomato forms about 85% of the food delivery orders we fulfill currently.”

Post this deal Runnr’s food delivery services will be offered completely to Zomato.

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