PepperTap
GroceryIndiaClosed 2016
Total Raised
$51.6M
Peak Valuation
Undisclosed
Employees
—
Year Collapsed
2016
Business model
Online grocery ordering and delivery via a hyperlocal warehouse model.
In brief
Scaled rapidly across many Indian cities during the 2015 hyperlocal delivery funding boom, operating its own warehouses and delivery fleet in each market. The capital intensity of running physical grocery infrastructure in dozens of cities simultaneously outpaced its ability to r…
See the What Happened tab for the full account.
Key facts
- Founded
- 2014
- Closed
- 2016
- Headquarters
- Gurugram, India
- Industry
- Grocery
- Employees
- —
- Revenue
- Undisclosed
- Founders
- Navneet Singh, Milind Sharma
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Often compared with: BigBasket, Zepto.