Supr Daily raises $120K from US-based accelerator Y Combinator
Mumbai-based daily consumables startup Supr Daily has raised $120,000 from US-based startup accelerator Y Combinator after it was selected as one the 12 Indian startups for the winter batch of the programme.
The startup is also part of Y Combinator's three-month mentorship programme, which ends this month, the company said in a press statement.
Supr Daily, which is currently operational in parts of Mumbai, will use the funds to scale up its pan-Mumbai operations in the next six months, it added in the press note.
"To be chosen by Y Combinator for its winter programme has been another major milestone in our growth path and we are indeed grateful for all the insights and learnings we have gathered through this opportunity," said Puneet Kumar, co-founder, Supr Daily.
In December 2016, the company had raised an undisclosed amount of funding led by angel investors from Venture Catalysts, a seed investment platform based in Mumbai.
Founded by IIT-Bombay alumni Puneet Kumar and Shreyas Nagdawane in 2015, Supr Daily delivers daily consumable goods such as milk, bread, eggs and coconut water, among others, to its users every morning.
The app, operated by Supr Techlabs Pvt Ltd, follows a direct-to-consumer model adopted from the daily milk use-case in India to make deliveries, which it claims has brought down the delivery cost per order to as low as Rs 1 â€“ Rs 3 as compared to the e-commerce benchmark of Rs 50. The startup claims to have served close to half a million orders.
Other Indian startups that have been selected by Y Combinator include online payment startup Razorpay, income tax returns e-filing platform ClearTax, and co-working space Innov8.