Milkbasket acquires PSR Supply Chain

Milkbasket Founders (Fifty-R) Anant Goel, Ashish Goel, Anurag Jain, Yatish-Talvadia

Milkbasket, a daily grocery commitment firm, has acquired Bengaluru-based eGrocery distributor PSR Supply Concatenation to strengthen its client base for an undisclosed deal corporeality.

PSR Supply Chain was fix in 2015 by Nagarjuna Reddy Chagamreddy and Sai Abhishek Velukuru. The company ceased its operations in June 2019. In these four years, the visitor has established a network of over 4,000 registered customers. The last reported annual turnover was over Rs ii.5 crore.

Milkbasket told ET that it has integrated the start-up'southward customers and offering into its portfolio. Anant Goel, co-founder and main executive officer, Milkbasket said, "The conquering of PSR Supply Concatenation helps us in further strengthening our customer base and offerings in Bengaluru. While we are growing phenomenally on our own, we are ever on the watch for strategic acquisitions to help u.s. shorten our learnings in specific regions or technologies."

Earlier this year in March, Milkbasket had acquired Noida-based Veggie India to strengthen its foothold in Delhi/NCR region. Milkbasket had launched its operations in early on 2015 to become a daily micro-delivery service. The visitor has built a new-age technology platform to enable a smooth grocery buying online experience for its customers, with unique features like one-click buying, no checkout and contactless delivery. The packages are delivered to homes the post-obit morning.

The visitor has successfully raised close to the Us$ 26 1000000 (approximately Rs 180 crore) in equity funding till date and counts Mayfield India, Beenext, Kalaari Upper-case letter, Lenovo Uppercase and Blume Ventures amidst its investors.

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Source: https://packagingsouthasia.com/she-safety-health-and-environment/regulation-compliances/food/milkbasket-acquires-psr-supply-chain/

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