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PepperTap raises seed funding from Sequoia Capital

The company aims to become fastest grocery delivery service in India

BS Reporter  |  Bengaluru 

Mobile application-based grocery delivery service has raised an undisclosed amount of seed-stage funding from Sequoia Capital, a company release said.

The company will use the funds for growing its team, strengthening its products and expanding its business in Delhi national capital region (NCR).

Founded by Navneet Singh and Milind Sharma in November 2014, is an on-demand grocery service. Based out of Gurgaon, the company aims to become the fastest grocery delivery service in India.

"The seed-funding will help us tremendously in our endeavor to carve a niche place in the market and become the best-on-demand grocery delivery brand that offers impeccable services across the country," Singh said in a statement.

"The investment from drives our passion and excitement to build the brand and position it successfully in people's minds."

The company will invest the funds in building a team of over 100 employees by December 2015. It will also us these funds for marketing its brand and further developing its existing products.

First Published: Wed, February 25 2015. 15:42 IST