Hr NewsStartups

PepperTap Shuts Down In Mumbai, Chennai And Other Cities; Lays Off 400 Employees

Source | http://www.nextbigwhat.com/ 

The hyperlocal grocery delivery app, Peppertap has shutdown in some of the major cities including Mumbai, Kolkata, Chennai along with Ahmedabad, Jaipur and Chandigarh.

rsz_layoff-startupPeppertap which recently raised $40mn (led by Snapdeal) and acquired Jiffstore is also laying off 400 people (mostly delivery employees).

Recently, Grofers too shutdown in 9 cities citing ‘lack of market readiness’.

Post this ‘restructuring’, Peppertap will be operational in Delhi-NCR, Hyderabad, Pune & Bangalore.

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