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PepperTap’s collapse shows everything that is wrong with India’s young internet companies

India’s third-largest grocery delivery service is no more. On April 22, PepperTap, a 17-month-old Gurgaon-headquartered startup, said it will shut its grocery delivery operations. Promoters Navneet Singh and Milind Sharma, who had earlier worked together at logistics startup Delhivery, will now focus on expanding PepperTap’s own logistics business.…
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PepperTap Shuts Down Operations

NEW DELHI: Snapdeal funded PepperTap has closed down its business and laid off 150 people, with another 1,000 employees offered an option to join Nuvo Logistics which controls the business of PepperTap. The Gurgaon based e-commerce grocery…