Puneet Kumar, the founder and former chief executive officer (CEO) of erstwhile grocery platform Supr Daily, has joined venture capital firm Nexus as a partner.
Nexus, one of India’s earliest homegrown VC firms, has unicorns such as Zepto, Unacademy, Postman and listed tech companies like Delhivery, Zomato and MapMyIndia in its portfolio of 200 startups.
“Excited to join Nexus as a Venture Partner and pay it forward to the startup ecosystem. After building multiple startups and investing in companies globally as part of YCombinator, I am eager to partner with and learn from the next wave of entrepreneurs,” Kumar wrote on the X platform on May 29.
Supr Daily, a subscription-based delivery service for milk, daily essentials and groceries, was founded by Kumar and Shreyas Nagdawane, both from IIT-Bombay, in 2015. Three years later, it was acquired by Swiggy.
Swiggy rejigged Supr Daily leadership in September 2021 to unlock value and accelerate growth. Kumar then left the company and Swiggy executive Phani Kishan took over as the Supr Daily CEO.
In 2022, Swiggy suspended operations of the subscription-based grocery platform in five cities, as it was yet to demonstrate profitability amid growing competition and an increasingly challenging environment.
Swiggy rebranded Supr Daily as Insanely Good and finally merged it with its quick commerce service Instamart.
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