Hyperlocal Grocery Delivery Service PepperTap Closes Additional 4M Dollar in Series B

On completion of its one year of operations, PepperTap, India based on-demand hyperlocal grocery delivery service, has made multiple annoucements. It has closed its Series B round of funding; with an additional $4 million from Innoven Capital, in addition to the $36 million raised recently from SnapDeal, Sequoia India, SAIF Partners, Ru-Net, Beenext & JAFCO Asia. Total fund raised by PepperTap now stands at around $51.2 million.
The company has also acquired Bangalore based hyperlocal grocery delivery startup, Jiffstore for an undisclosed amount. Jiffstore’s team will join PepperTap’s Gurgaon and Bengaluru offices. The company aims to use synergies with Jiffstore to build a better customer experience.
Additionally, in order to make its offerings better for its vendors, the digital grocer has launched a Partners App. The app will see two versions – one for organised retail chains and another for standalone vendors. By logging in, the business representatives will be able to see a comprehensive picture of their performance with PepperTap.

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