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Grocery delivery startup Mr. Needs raises pre series funding

Mr. Needs is a Noida – based grocery delivery startup that delivers items like milk, bread, eggs and other groceries to customers’ homes. The startup had announced yesterday (14/06/2017) that it had raised US $500,000 in Pre-Series round of funding from a clutch of angel investors. Mr. Needs was founded in November 2016 by Hitashi Garg, Ravi Wadhwa, Ravi Verma and Yogesh Garg. Customers are able to order their groceries for home delivery through Mr. Needs’s mobile app. The startup’s services are currently restricted to parts of the Noida region. The startup plans to use the funds raised to expand its operations to other parts of the Delhi-NCR region including Dwarka, Indirapuram and Gurugram. Read more on Funding

Ravi Wadhwa, co-founder of Mr. Needs said, “We have fine-tuned our operations and our per delivery costs are 50 to 70% lower than the industry standard.”

Unlike most grocery delivery stores, Mr. Needs does not place a minimum order value for home delivery! It also does not charge customers for home delivery! The team focuses on optimizing the supply chain and reducing costs. Mr. Needs currently claims to be serving over 36,000 orders a month with over 9000 subscribers.

“Our model is designed from the ground up for sustainable profitability and we have already achieved break-even in several pockets that we operate in”, said Hitashi Garg, co-founder of Mr. Needs.

The other grocery delivery startups that got funded this year include Spur Daily which raised US $1.5 million (Rs. 10 crores) from a clutch of Silicon Valley – based angel investors during May, this year (2017). Other grocery delivery startups that managed to raise seed funding this year include DailyNinja, MilkBasket, Town Essentials and RainCan. Read more on Startup News

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Grocery delivery startup Mr. Needs raises pre series funding
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