Saturday, April 20

Tag: peppertap

AskMe Grocery Targets Rs 1,800 cr GMV By March
15May By Press Trust of IndiaNo Comments
BUSINESS

AskMe Grocery Targets Rs 1,800 cr GMV By March

Confident of the success of online sale of groceries, AskMe Grocery has said it expects the value of merchandise sold through its platform to touch Rs 1,800 crore by March next year. The growth is expected to come on the back of addition of new partners and expansion of its fresh food category, AskMe Grocery Co-founder Ankit Jain told PTI. "Grocery online has a lot of potential when the business is at a scale. We have been doing well and our average cart size is about Rs 1,900 and we are already processing 20,000 orders daily. The hyperlocal delivery model has really helped us," Jain said. He further said the company works with kirana store owners to offer convenience, comparison and more deals for the consumers. "We expect our annual GMV (by the end of March 2017) to touch Rs 1,800 c...
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PepperTap Shuts Down Grocery Delivery
25Apr By No Comments
News

PepperTap Shuts Down Grocery Delivery

PepperTap Shuts Down Grocery Delivery, Pivots to Logistics Sriram Sharma , 25 April 2016 Share on FacebookTweetShareShareEmailReddit PepperTap Shuts Down Grocery Delivery, Pivots to Logistics Hyperlocal grocery delivery startup PepperTap announced on Saturday that it will be shutting down its operations, the latest casualty in a sector that saw exits of pilots programs from Ola and Flipkart this year. The company will be shifting its focus to e-commerce logistics, where it can lend its expertise of same day deliveries. "We are now changing our business model and will not be able to deliver groceries to you. In case you have any queries, feel free to call us at 186001216001 or email us at care@peppertap.com," reads the farewell message posted on PepperTap's app. Navneet Singh, Co-F...
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Peppertap Shuts Down Grocery Delivery Operations
23Apr By AdityaNo Comments
News

Peppertap Shuts Down Grocery Delivery Operations

PepperTap, a Hyperlocal delivery startup founded in 2013 by Navneet Singh and Milind Sharma shuts down its grocery delivery operations. Peppertap will focus on building a logistics company to compete with startups including Delhivery, Flipkart's ekart division and go Javas head on, multiple sources told Pixr8. In March, Bengaluru-based grocery portal BigBasket raised $150 million (about Rs 1,000 crore) in funding led by Dubai's Abraaj Group to strengthening its express delivery service and expand its reach. Grofers too raised $120 million led by Softbank earlier this year. Grofers too shut down operations in nine cities, including Ludhiana, Bhopal, Kochi, Coimbatore and Visakhapatnam earlier this year. The company already runs a reverse logistics arm through its parent company Nuvoex...
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Flipkart Shuts It's Groceries Delivery App Nearby
26Feb By PriyankaNo Comments
News

Flipkart Shuts It's Groceries Delivery App Nearby

A month later, Mukesh Bansal and Ankit Nagori resignation India’s largest e-commerce firm Flipkart shuts it's groceries delivery app, Nearby. The company Nearby was five months old. Paytm, operated by One97 Communications Ltd, also closed its grocery service in June because of poor demand. The Nearby app was launched as an experiment by Flipkart in Bengaluru in October. The company promised to deliver fruits, vegetables, soaps and other staples from supermarkets to customers within an hour of receiving an order. On 11 January, Flipkart named co-founder Binny as CEO, replacing Sachin Bansal, in a move that it claimed would strengthen its management bandwidth as it seeks to combat archrival Amazon India and kick off preparations for an expected initial public offering (IPO) over the...
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Nuvo Logistics, Which Also Runs Online Grocer PepperTap, Posted Profit In FY15
6Jan By PriyankaNo Comments
News

Nuvo Logistics, Which Also Runs Online Grocer PepperTap, Posted Profit In FY15

Nuvo Logistics Pvt. Ltd, which also runs online grocer PepperTap, posted a profit in 2014-15 on higher demand for its business of handling product returns, official data showed. The Reverse logistics firm posted a profit of Rs.87 lakh on revenue of Rs.19.5 crore, according to documents filed with the Registrar of Companies. In August 2013, Nuvo logistics had posted a revenue of Rs.61 lakh for the eight-month period ending March 2014 at a loss of Rs.41 lakh. Nuvo Logistics was launched to test the waters in logistics before entering the business-to-consumer (B2C) space. It fulfils almost 10,000-12,000 orders a day and operates across 30 cities in India. Considering the boom in online world they switch into hyperlocal delivery services of groceries under the brand name PepperTap in No...
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PepperTap Acquires Jiffstore, Also Raises Series B funding
22Dec By NitishNo Comments
FUNDING

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...
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This Indian lady has done an experiment, purchased from all online Hyperlocal Grocery stores to check their end results!!!
24Oct By No Comments
Story

This Indian lady has done an experiment, purchased from all online Hyperlocal Grocery stores to check their end results!!!

It’s Saturday morning and a hyperlocal experiment is playing on my mind. I have decided to fix a basket of goods and order from each of the new hyperlocal superstars that have hit the scene. Taking a page from the recent coverage, I chose the following: Grofers Peppertap Flipkart Nearby Amazon Kirana Snapdeal Instant Ola Store ZopNow Next I needed to fix a basket of goods that were across product groups like fruits & veggies, grocery/staples, branded foods and home cleaning products. This would also allow comparison of quality (I can expect variations in fruits and any in-house item like dal) and availability and discounts to MRP for packaged goods. It also needed to be stuff I could use 5 times over since everything is ideally going to arrive the same day! Have b...
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6Sep By RishabhNo Comments
News

Challenges, growth and takedowns of Online Food & Groceries startups in India

Many emerging start-ups like BigBasket and PepperTap have started to acquire the market with their services of providing food and groceries right to your doorstep. Providing over more than 14,000 products all over from pulses to dairy and eggs and all that too online is no small thing. These startups have slammed the accelerators and are working hard and consistently to grow over into the deepest of valleys and every street in their working region. (more…)
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