Jugnoo acquires SubKuchFresh to reinforce hyper-local shipping offerings

Jugnoo had earlier acquired online taxi booking platform BookMyCab in a cash and stock deal in July last year.

Jugnoo had earlier obtained online taxi reserving platform BookMyCab in a coins and inventory deal in July ultimate yr.
Mumbai: On-call for auto-rickshaw aggregator Jugnoo has obtained SubKuchFresh for an undisclosedamount to strengthen its these days launched grocery transport carrier ‘Fatafat’.

the purchase comes after Chandigarh-based totally Jugnoo raised $10 million in series B funding fromcellular payments and trade platform Paytm (One97 Communications Pvt. Ltd), Snow Leopard and in April.

that is a step toward assisting the auto drivers to supplement their livelihood via greater income. Jugnooadditionally intends to create a logistics community for the mass market of India and wants to faucet the hyper-local delivery carrier space through best viable routes,” says Samar Singla, leader governmentofficer of Jugnoo.

SabKuchFresh, a web save of culmination and vegetables has a tie-up with extra than one hundredfarmers has a sturdy network of B2B and B2C users.

A separate crew has been employed to look into the operations of this new acquisition in an effort to helpJugnoo to offer a greater comprehensive grocery delivery carrier with progressed tactics of procurement, sorting, packaging and satisfactory check of product.

Owned and operated via SoCoMo technology Pvt. Ltd, Jugnoo become based by means of Samar Singla and Chinmay Aggarwal. It changed into released in November 2014 and its vehicle-rickshaw aggregationprovider is now present in 29 cities and has a user base of one hundred twenty million.

Jugnoo operates three apps, the autorickshaw aggregation provider Jugnoo automobiles, food transportcarrier Jugnoo meals and hyperlocal delivery provider Jugnoo Fatafat. The company is trying to improveits organizations. Jugnoo had earlier acquired online taxi reserving platform BookMyCab in a coins andstock deal in July final yr.

The enterprise raised $five million in collection A funding from Snow Leopard technology Ventures and Paytm in July last yr, $5.five million in a sequence B 1 round in January this 12 months.

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