PepperTap raises $40 million in Series B funding
New Delhi, India | Red Newswire | Dec 21, 2015 Last Updated at 07:26 PM IST.
PepperTap has closed its series B funding round with $40 million i.e., Rs. 265 crore. It received $4 million from InnoVen Capital and rest $36 million from Sequoia India, Ru-Net, Snapdeal, JAFCO Asia, SAIF Partners and Beenext. This brings total amount raised by PepperTap till date to $51.2 million.
The company said that it has acquired Jiffstore- the Bengaluru-based hyperlocal grocery delivery startup. However, the amount has not been disclosed. PepperTap will absorb Jiffstore’s team.
The company is also considering tie-ups with other startups for better cross-marketing activities.
Source: ET Bureau