Apr 26, 2015

PEPPERTAP - GROCERY DELIVERY STARTUP GETS $10mn from Sequoia

PEPPERTAP - GROCERY DELIVERY STARTUP GETS $10mn from Sequoia

Grocery in India is a huge market and grocery shopping on mobile is already seeing strong adoption. PepperTap an online grocery startup is focussed in offering delivery within 2 hour from the time the order submitted. PepperTap announced today that it has raised a $10 million Series A from SAIF Partners, as well as Sequoia Capital.

Funding till April 2015
Seed Round : $2 million from Sequoia capital
Series A      :  $10 million from SAIF Partners

What will PepperTap do with these funds? 
Build a highly-skilled team that is in sync with global standards
Expand the reach of PepperTap to 10 more cities in the country by the end of the year

How does PepperTap run it's business?
Creating online catalogs for stock from local retailers
Training delivery staff to provide quick service on scooters or bicycles

About PepperTap:
PepperTap is changing the way people buy groceries by replacing your visits to the super market with a few taps on phone. Started it's operations in November 2014 serving a limited area in Gurgaon. Focussed on accurate and on time deliveries, and are now available throughout the city. Simplicity and effectiveness are the key drivers of our products and service. Peppertap believe buying groceries online should not be just for early adopters and we strive to make our service more accesible so anyone can free up their time to do what they love.

Competitors in this space:
Zopnow
Grofers


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