About Runnr
Runnr is a company based in Bengaluru (India) founded in 2015 by Vatsal Singhal was acquired by Zomato in September 2017.. Runnr has raised $27.49 million across 3 funding rounds from investors including Zomato, Nexus Venture Partners and Rocket Internet. The company has 42 employees as of April 06, 2024. Runnr has completed 1 acquisition, including TinyOwl. Runnr operates in a competitive market with competitors including Opinio, VDeliver, Pikndel, Pickingo and Townrush, among others.
- Headquarter Bengaluru, India
- Employees 42 as on 06 Apr, 2024
- Founders Vatsal Singhal
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Carthero Technologies Private Limited
- Date of Incorporation 06 Apr, 2015
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$194.06 K (USD)-14.66as on Mar 31, 2022
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Net Profit
$99.24 K (USD)-28.24as on Mar 31, 2022
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EBITDA
$-54.56 K (USD)-3.99as on Mar 31, 2022
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Total Equity Funding
$27.49 M (USD)
in 3 rounds
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Latest Funding Round
$7 M (USD), Series B
Aug 29, 2016
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Investors
Zomato
& 11 more
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Employee Count
42
as on Apr 06, 2024
- Investments & Acquisitions
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Acquired by
Zomato
(Sep 13, 2017)
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Funding Insights of Runnr
Runnr has successfully raised a total of $27.49M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $7 million completed in August 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $7.0M
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First Round
First Round
(06 May 2015)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2016 | Amount | Series B - Runnr | Valuation | Blume Ventures , Nexus Venture Partners |
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| Oct, 2015 | Amount | Series B - Runnr | Valuation | DST Global Partners , Kunal Naresh Shah | |
| May, 2015 | Amount | Series A - Runnr | Valuation | Sequoia Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Runnr
Runnr has secured backing from 12 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Zomato, Nexus Venture Partners and Rocket Internet. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Seed and early-stage investments are made across sectors in India.
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Founded Year | Domain | Location | |
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Venture capital firm that partners with entrepreneurs for product-first companies.
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Runnr
Runnr has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include TinyOwl. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provides a mobile-only platform for food ordering and delivery.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Runnr
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Runnr Comparisons
Competitors of Runnr
Runnr operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Opinio, VDeliver, Pikndel, Pickingo and Townrush, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Tech-enabled last-mile delivery for food, groceries, and medicines is provided.
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| domain | founded_year | HQ Location |
Hyperlocal on-demand delivery services are facilitated via web platform.
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| domain | founded_year | HQ Location |
Shared dark store and delivery solutions are provided for e-commerce.
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| domain | founded_year | HQ Location |
Hyperlocal delivery services are provided for businesses in Delhi NCR.
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| domain | founded_year | HQ Location |
On-demand B2B hyperlocal delivery
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Runnr
Frequently Asked Questions about Runnr
When was Runnr founded?
Runnr was founded in 2015.
Where is Runnr located?
Runnr is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Runnr a funded company?
Runnr is a funded company, having raised a total of $27.49M across 3 funding rounds to date. The company's 1st funding round was a Series A of $10.49M, raised on May 06, 2015.
How many employees does Runnr have?
As of Apr 06, 2024, the latest employee count at Runnr is 42.
What is the annual revenue of Runnr?
Annual revenue of Runnr is $194.06K as on Mar 31, 2022.
What does Runnr do?
Runnr provides online on-demand food delivery for customers and hyperlocal delivery services for local merchants restaurants to deliver to customers in their locality. Provides an online dashboard for restaurant owners to track the status of each delivery on a map-based interface. Claims to provide its services on every day of the week including weekends. Piloted use of electric scooters fitted with internal GPS and in-built sensors for tracking speed, petrol usage and location (Aug 2015). Partnered with hyperlocal C2B messaging app LookUp to offer deliveries to local businesses who receive an order through LookUp (Sept 2015). Raised 7M in the second tranche of series B funding in Aug16. Pivoted to on-demand food delivery service after the merger with TinyOwl in June 2016. Currently operational in Mumbai Bangalore with 150 restaurants on board. Launched RunnrMeals program in Nov16 targeting corporate employees through which users can order curated meals from selected restaurants.
How many acquisitions has Runnr made?
Runnr has made 1 acquisition, including TinyOwl.
Who are Runnr's investors?
Runnr has 12 investors. Key investors include Zomato, Nexus Venture Partners, Rocket Internet, Aritra Partners, and Blume Ventures.
What is Runnr's valuation?
The valuation of Runnr is $13.12M as of Aug 2016.
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