On demand auto-rickshaw aggregator
Jugnoo has acquired SabKuchFresh for an undisclosed amount to strengthen its
recently launched grocery delivery service ‘Fatafat’. The acquisition comes
after Chandigarh based Jugnoo raised $10 Million in Series B funding from
mobile payments and commerce platform Paytm, Snow Leopard and Rocketship.vc in
April.
This is a step towards helping the
auto drivers to supplement their livelihood through extra earnings. Jugnoo also
intends to create a logistics network for the mass market of India and wants to
tap the hyper-local delivery service space through best possible routes. SabKuchFresh,
an online store of fruits and vegetables has a tie-up with more than 100
farmers has a strong network of B2B and B2C users.
Jugnoo was launched in November
2014 and its auto-rickshaw aggregation service is now present in 29 cities and
has a user base of 120 Million. Jugnoo operates three apps, the auto-rickshaw
aggregation service Jugnoo Autos, food delivery service Jugnoo meals and
hyperlocal delivery service Jugnoo Fatafat. The company is looking to
strengthen its businesses.
Jugnoo had earlier acquired online
Taxi booking platform BookMyCab in a cash and stock deal in July last year. The
company raised $5 Million in Series A funding from Snow Leopard Technology
Ventures and Paytm in July last year, $5.5 Million in a series B 1 round in
January this year.
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