India: Grocery delivery app PepperTap acquires Jiffstore, raises additional funding

Posted by & filed under Deals & Investment

PepperTap, an on-demand hyperlocal grocery delivery service, has acquired Bangalore-based Jiffstore operating in the same space for an undisclosed amount, according to a statement. Besides, the startup has raised additional $4 million in a series B round of funding from Innoven Capital, the Indian lending arm of sovereign fund Temasek Holdings, taking the total… Read more »

India: Hyperlocal startup Peppertap shutting ops in Mumbai, 5 other cities

Posted by & filed under Startup Asia

Hyperlocal delivery start-up PepperTap is shutting down operations in six cities including Mumbai, Kolkata, Chennai and will be laying off about 400 delivery men, highlighting heightened pressure on start-ups to conserve capital amid an ebbing funding environment. The news comes within a month after larger competitor Grofers decided to shut… Read more »

India: PepperTap secures $36m in fresh funding from Snapdeal, Sequoia, and others

Posted by & filed under Venture Capital

PepperTap, an on-demand hyperlocal grocery delivery service, has raised $36 million (about Rs 239 crore) in a fresh round of funding, led by e-tailer Snapdeal and existing investors Sequoia India and SAIF Partners. The funding also saw participation from new investors including Russian investor Ru-net, Japan’s private equity company JAFCO and… Read more »

India: With money becoming scarce, private labels come to the rescue of hyperlocals

Posted by & filed under E-Commerce & Consumer Internet

Are private labels the miracle cure for hyperlocal delivery companies looking to boost profits? Some hot start-ups in the space think so, their thinking encouraged by investors in an environment where money is slowly becoming scarce. Grofers and PepperTap, for instance, are looking to launch their own private label products… Read more »

India: Online grocer PepperTap parent clocks higher profit on demand from reverse logistics biz

Posted by & filed under E-Commerce & Consumer Internet

Reverse logistics firm Nuvo Logistics Pvt. Ltd, which also runs online grocer PepperTap, posted a profit in 2014-15 on higher demand for its business of handling product returns, official data showed. The company posted a profit of Rs.87 lakh on revenue of Rs.19.5 crore, according to documents filed with the… Read more »

Indian hyper-local delivery firms seek fresh sources of revenue to sustain margins

Posted by & filed under E-Commerce & Consumer Internet

As concerns around profitability hover around hyper-local delivery companies, start-ups such as Grofers and PepperTap are looking for newer avenues such as advertising to sustain margins. Grofers (run by Locodel Solutions Pvt. Ltd) and PepperTap (Nuvo Logistics Pvt. Ltd), which currently work on a commission-based model, are in talks with… Read more »