Zomato acquired Runnr to strengthen delivery business

Zomato acquired Runnr to strengthen its shipping business expansion. The restaurant search and discovery service platform headquartered in Gurugram on Wednesday announced it has acquired a logistics company headquartered in Bengaluru. Runnr will continue to function as an independent company to serve pharmaceutical, grocery and e-commerce shipments.

Tinuku Zomato acquired Runnr to strengthen delivery business

Online restaurant guide company, Zomato, has acquired a logistics company, Runnr, on undisclosed amounts of money. Runnr is currently claimed to have 300,000 orders per month or 10 percent less than the volume of Zomato food reservations. Their collaboration is important to compete UberEATS.

"We have just signed a long-rumored acquisition of Runnr. The deal has been for several months and now both teams have worked together with each other," said Zombo Founder and CEO Deepinder Goyal.

"We have everything in building a fun food delivery service, the end of the final list, the search, the reviews, the reservations, and now, the logistics," Goyal said.

Zomato was founded by Deepinder Goyal and Pankaj Chaddah in 2008 and is available in Indian, Indonesian, English, Turkish, Portuguese, Spanish, Czech, Slovak, Polish and Italian. Runnr was founded by Mohit Kumar in 2015 and has secured US$25 million funding by Nexus Venture Partners, Blume Ventures and Sequoia Capital.

"Mohit will remain CEO of Runnr and will continue to develop a shared vision with the entire founding team by Arpit, Mukunda, Gnanesh, Vatsal, and Aravind," Goyal said.