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PepperTap garners $40 million in Series B funding

BI India BureauDec 21, 2015, 15:37 IST

PepperTap has raised $40 million (Rs. 265 Crores) in it’s series B funding round. $4 million of this is from InnoVen Capital, and the $36 million from other investors including Snapdeal, Sequoia India, SAIF Partners, Ru-Net, Beenext and JAFCO Asia.

With the Series B drawing to a close, the Gurgaon-based hyper-local delivery app has raised about $51.2 million so far.

The company also announced today that it has acquired Bengaluru-based Jiffstore for an undisclosed amount. Jiffstore's team will join PepperTap's Gurgaon and Bengaluru branches.

The company has also finalized some marketing tie-ups to offer gifts to it’s users.

Image credit: Indiatimes