India: Snapdeal-backed PepperTap shuts down hyperlocal delivery operations

India: Snapdeal-backed PepperTap shuts down hyperlocal delivery operations

Hyperlocal delivery start-ups such as PepperTap and Grofers operate on wafer-thin margins and lose money on every delivery, say experts. Photo: Pradeep Gaur/Mint

Snapdeal-backed hyperlocal delivery start-up PepperTap is shutting operations as the firm and rivals struggle with a funding slowdown, said three people close to the development.

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