Gurgaon-based online grocery delivery startup, PepperTap has secured an undisclosed amount in seed round from Sequoia Capital. The company is also in advance stages to close its next round of funding which is around $10 million, PepperTap’s founder Milind Sharma told iamWire.
Started in November 2014, by founders Milind Sharma and Navneet Singh, PepperTap allows a user to buy grocery, fruits & vegetables through the company’s app, that is available for Android and iOS users. Currently it operates across Gurgaon and is in the process of adding new service areas across Delhi NCR soon. The company claims to offer delivery in under 2 hours and offers free delivery on order above Rs 250.
Earlier this year, BigBasket.com, a Bengaluru-based online grocery store had also announced that it is in final talks to raise around $15-16 million (about Rs 100 Cr) from Silicon Valley-based Bessemer Venture Partners. Several brick-and-mortar retailers like HyperCITY, Spencer’s, Reliance and Trent have also been expanding in grocery etailing. Last week, Grocery retailer Godrej Nature’s Basket had acquired online grocer Ekstop at a deal value of Rs 30-40 crore.