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...