hyperlocal | Pixr8 News

22Feb By AnkitaNo Comments

FUNDING

Selfi Discovery App for Hyperlocal Magicpin Raises $3 million Series A Funding

Magicpin, a hyperlocal discovery app, founded by Investor-turned-entrepreneurs Brij Bhushan and Anshoo Sharma have raised $3 million in Series A round of funding from Lightspeed Venture Partners. The app offers Instagram-like features where users can take pictures and selfies to avail of offers and discounts at neighbourhood stores. “While looking at the market from an investing lens, it was quite clear that India is entering a phase where everyone would be connected through their smartphones. A trip to China in late 2014 was an eye opener for the kind of businesses and value such an environment would create. There is an opportunity window today in India for creating a massively valuable business that leverages data, technology and people networks around offline transactions, and w...

PepperTap Acquires Jiffstore, Also Raises Series B funding

Peppertap, Gurgaon based hyperlocal service startup has taken over Bangalore based hyperlocal grocery delivery startup, Jiffstore for an undisclosed amount. Jiffstore’s team will join PepperTap’s Gurgaon and Bengaluru offices. Peppertap aims to use synergies with Jiffstore to build an excellent customer experience. PepperTap also closed its Series B round of funding; with an additional $4 millon from Innoven Capital, in addition to the $36 million raised recently from SnapDeal, Sequoia India, SAIF Partners, Ru-Net, Beenext & JAFCO Asia. Total fund raise in PepperTap now stands at around $51.2 million. PepperTap earns more than 90% of its revenue from the commissions it earns from shops. The rest comes from the delivery cost. It charges consumers for orders below a minimum deliver...

AskmeBazaar launches ‘NDD service’ for Hyderabad

Pushing on its hyperlocal offering, AskmeBazaar.com has launched its Next Day Delivery (NDD) service in Hyderabad. Bringing deals from the offline players on the city-specific page of AskmeBazaar, the portal has tied up with 70 merchants in the city across 13 categories for delivery within 24 hours. It will extend its services to Guntur, Vijaywada and Vizag to cover Telangana and Andhra Pradesh in next phase of expansion. With a presence across 22 cities and a seller base of 1400 merchants, it is a part of the e-commerce portal's expansion in the hyperlocal delivery space. "Currently you see hyperlocal delivery only in the grocery and food segments. We have launched our hyperlocal delivery in this segment in Delhi-NCR recently and will also scale it up over the next two quarters. As for...