Indian online milk and grocery delivery startup DailyNinja is holding discussions to secure 128 to 142 crore rupees ($18 to $20 million) in fresh funding.
DailyNinja intends to use the fresh funds to enter new cities including Delhi-National Capital Region and also scale up its existing business.
Additionally, the startup will seek to grow its user base more than threefold from 60,000 currently to 200,000 over the next two years.
Existing backers U.S. Sequoia Capital, private equity investment firm Matrix Partners and India’s Saama Capital are likely to participate in the current round.