Snapdeal leads funding round for Indian grocery delivery company

Indian hyper-local grocery delivery company PepperTap has raised $36m in a new funding round led by e-commerce specialist Snapdeal. PepperTap co-founder and CEO Navneet Singh told local media that the company will use funds to expand its coverage from 18 cities to 75.

Snapdeal CEO Kunal Bahl was quoted as saying: “We have worked with Navneet and his team that also runs a logistics firm (Nuvo Logistics). Grocery is about 59% of retail GDP in India and we are excited to be entering into a strategic partnership with PepperTap to tap this market.”