Zomato acquires delivery startup Runnr
Food-technology start-up Zomato Media Pvt Ltd has acquired delivery start-up Runnr as part of a widely expected, all-stock deal that would help the former significantly shore up its food delivery business, amid intense competition from rapidly-growing rivals such as Swiggy.
Runnr will continue to function as an independent logistics company (owned by Zomato) offering the full stack of logistical services to players other than Zomato as well – e.g. pharma, grocery, e-commerce, etc
Prior to its buyout of Runnr, Zomato used to aggregate restaurants on its platform and works with third-party delivery partners such as Runnr and Grab to execute deliveries.