wordpress blog stats
Connect with us

Hi, what are you looking for?

PepperTap raises $10 million; to focus on grocery delivery

Gurgaon-based hyperlocal grocery service PepperTap has raised Series A funding worth $10 million from SAIF Partners and Sequoia Capital, reports TechCrunch. The funding will be used towards expansion to more cities including Bangalore, Pune, Mumbai and Hyderabad by the end of this year. Total funding worth $11.2 million so far It had just raised seed funding worth $1.2 million from Sequoia in February, which was to be used towards expanding across Delhi NCR, scaling operations, adding over 100 employees, product development and creating online and offline brand visibility. Focus on grocery delivery, not other verticals With 15,000 stock keeping units (SKUs), PepperTap claims to deliver within two hours of the order. Since it does not own any inventory of its own, the company creates online catalogs for physical retailers and trains delivery personnel to deliver via bikes or cycles. The TechCrunch report adds that PepperTap intends to focus on grocery delivery instead of expanding its categories into other verticals. Free delivery for users, offline retailers pay commission per transaction Less than 6 months old, PepperTap was started by Milind Sharma and Navneet Singh in november 2014. It allows a user to buy grocery, fruits & vegetables through the company’s app on Android and iOS. The company offers free delivery on orders above Rs 25 and charges Rs 50 for orders below Rs 250. Right now, it offers only cash-on-delivery as the payment mode but plans to add online, credit and debit card payments. PepperTap excludes delivery charges from its users…

Please subscribe/login to read the full story.
Written By

I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

Free Reads

News

TRAI first introduced the idea of displaying the caller's name in a consultation paper back in 2022.

News

As per reports, the Unmanned Aerial Vehicles (UAVs) will be enabled with 5G capability and will be built to function in extreme temperatures and...

News

One of the X posts on Krutrim that blew up was about the AI model claiming that it was created by OpenAI as opposed...

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

News

RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ