PepperTap has acquired Times Internet-backed JiffStore as it secured a $4m extension for its own, corporate-backed series B round.
India-based hyperlocal grocery delivery service PepperTap, backed by e-commerce companies Snapdeal and Beenos, has closed its series B round at $40m, according to Hindu Business Line.
The $4m extension was provided by Innoven Capital, a subsidiary of Singapore’s sovereign wealth fund Temasek
PepperTap raised an initial $36m in September 2015 in a round co-led by Snapdeal, Sequoia India and SAIF Partners. Beenext, a $60m fund backed by Beenos, and investment firms Jafco and Ru-Net also participated in the first close.
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