Online Groceries & Daily needs startup plans to be in 25 locations by March’17

Online Groceries & Daily needs startup aggressively increasing footprints, plans to be in 25 locations by March’17

Online PR News – 09-October-2016 – Nagpur, Maharashtra – At a time when most ventures including Peppertap and others are finding it hard to have the 8% pie of the huge Indian Groceries market, the Hyper-local marketplace startup delivering Fruits, Vegetables and Groceries on-demand, across four cities Nagpur, Kanpur, Varanasi and Wardha, has added Lucknow to its list of operations, taking the services to five cities now.rnIn contrast to the cash burn approach by others, has a robust business model which is lean and becomes profitable within six months with a payback period of twelve months per location. is promoted by successful entrepreneurs having diverse background in e-Governance, Technology, Finance, Marketing with experience of over 15 years. Since its beginning of full-fledged operations in April 2016, it boasts of 100 to 200 deliveries in these locations. “We have a robust, bootstrap model, wherein we are cash positive as we reach 300 deliveries per location” says the CEO, Swetank Gupta. “We are also looking for partners to pan out to 15 cities by December this year and add another 15 locations by March, 2017” the CTO, Vishwanath added.

Lucknow city recently started its operations in mid-September, and has ramped up quickly to delivering between 75-100 orders per day. Co-CEO for Lucknow, Ashish Jaiswal says, he will be reaching 250 deliveries by November, 2016 and generating profits by December end.