PepperTap, a grocery delivery service store founded by Delhivery executives
Navneet Singh and Milind Sharma in November 2014, has closed its recent round
of funding at $36 million, which was led by Jasper Infotech that owns Snapdeal.
Other investors include Ru-net, JAFCO and Beenext with backers SAIF Partners
and Sequoia Capital.
At the start of fiscal year 2015-16, the GMV run rate of PepperTap begun at
$1 million, which it is tagreting to reach at $250 million by the end of the
year. It gives credit to Snapdeal, who has supported and helped in raising its
funding.
PepperTap is ready to close another round of funding in a few weeks, which
is estimated to reach $20 million. Snapdeal has invested around $12-15 million
in the company. Kunal Bahl, co-founder and CEO of Snapdeal said, "We look
forward to working closely with PepperTap to make them very successful,
leveraging the capabilities we have built in Snapdeal's ecosystem."
PepperTap presently stands at raising $47 million from its investors. With
all this funding, it wishes to expand its reach to 75 cities across India by
the end of 2015-2016. It is also planning to invest in technology and
supply-chains, and increase its employee strength to over 5000 by the end of
the year.
For ordering your grocery, fruits and vegetables at home, you can look for
various PepperTap offers online. To purchase from PepperTap's leading
investor Snapdeal and to get great deals and discounts on your purchase, you
can visit Discount Mantra -
India’s best online offers and coupons store, and get the latest Snapdealcoupons. You can also subscribe to the newsletters to get the latest offers and coupons
from various online stores delivered to your inbox.
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