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On-demand grocery service PepperTap acquired Jiffstore

As per the terms of deal, Jiffstore will completely merge its operations with PepperTap.

Dec 22, 2015 15:47 IST
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Gurgaon-based on-demand grocery service PepperTap on 21 December 2015 acquired Bengaluru-based hyperlocal grocery delivery startup Jiffstore in a cash-and-stock deal. However, the deal details were not disclosed.

As per the terms of deal, Jiffstore will completely merge its operations with PepperTap. Furthermore, its 40-member-team will join PepperTap's Gurgaon and Bengaluru offices.

About Jiffstore

Jiffstore was founded by Indian School of Business (ISB) drop-out Shameel Abdulla, and his friends Aswin Ram, Satish Basavaraj and Sandeep Sreenath in 2013.

It was also part of TLabs incubator and had raised a total of 500000 US dollars in funding from Unitus Seed Fund and Times Internet in 2014.

About PepperTap

PepperTap was founded by Navneet Singh and Milind Sharma in November 2014.

It has operations in 18 cities and fulfils close to 20000 orders a day.

It claims to have a fulfilment rate of 97-98 percent.

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