Peppertap stops E-commerce, pivots focus to logistics
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….
France based FM Logistics buys Pune based Spear Logistics
An SME focused private equity fund Ambit Pragma has sold its majority stake in Pune based Spear Logistics to French multinational FM logistics for an undisclosed amount. Through the acquisition, FM logistics aims to bring international practices, advanced working tools…