PepperTap has continued its amazing growth story this year by raising another $36 million. Even more interestingly, this funding round was led by Snapdeal. The existing investors like Sequoia India and SAIF Partners were joined byRu-net, JAFCO, and BeeNext.
In one of the most aggressive growth charts, PepperTap started from the 40 orders/day in January and now fulfils 17,000 per day. The new funding will be used to expand in 75 cities by March of next year when the company also expects the total sales volume per year to rise up to $250 million.
Snapdeal’s investment could also mean that the e-commerce giant is looking at PepperTap as a potential partner rather than building its own grocery supply vertical.
Launched in Gurgaon, PepperTap is just one of the many competing online grocery startups that started from Delhi – NCR.