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RoadRunnr gets Yuri Milner’s backing


Milner is one of the world’s most successful social media investors having backed Facebook & Twitter early on.

DST Global’s Yuri Milner is personally investing in Bengaluru-based hyperlocal delivery player RoadRunnr, which recently raised USD 11 million in its first round of financing, people familiar with the development said. The Russian billionaire’s personal investment vehicle has been actively chasing early-stage startups in India as it looks to spot the next big opportunity in the fast-growing domestic consumer internet space.

This year, Milner – one of the world’s most successful social media investors having backed Facebook and Twitter, among others – along with his partners, has pumped USD 2-5 million each in Practo, Grofers and Swiggy. The personal investments are a way of mapping the growth of these startups and also act as a filter to DST Global, which only invests in companies that are valued at USD 500 million or more.

Source: Times of India

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