PepperTap Shuts Down Operations

Published: 25th April 2016 07:20 AM  |   Last Updated: 25th April 2016 07:20 AM   |  A+A-

NEW DELHI: Snapdeal funded PepperTap has closed down its business and laid off 150 people, with another 1,000 employees offered an option to join Nuvo Logistics which controls the business of PepperTap.

The Gurgaon based e-commerce grocery supplier has cited high customer acquisition and lack of integration with stores for the decision. The firm had launched operation in 2014, led by Navneet Singh, CEO of PepperTap, who confirmed to Express, the closing down operations by month end.  It had raised over $51 million from blue chip investors, including Sequoia Capital, SAIF Partners, Beenext, Ru-Net and JAFCO.

“Shutting down PepperTap is extremely difficult call for us but it’s the need of hour,” Navneet Singh, wrote on his blog.

Stay up to date on all the latest Business news with The New Indian Express App. Download now


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp