shutterstock_197722757

Auto-hailing app Jugnoo which is owned and operated by SoCoMo Technologies, has acquired on-demand grocery venture SabKuchFresh, the Chandigarh-based company. The acquisition was made to "enhance its recently launched grocery delivery service Fatafat."

"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," said Samar Singla , chief executive of Jugnoo.

SabKuchFresh acquisition will allow Jugnoo to make maximum utilization of its auto driver-partners, and which also allow them to earn additional income, when not ferrying passengers.

The company plans to roll out the delivery service to Gurgaon by next month and enter 30 more cities, across the country, by the end of the year. 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.

Founded by Samar Singla and Chinmay Agarwal in 2014, Jugnoo claims to have over 10,000 autos empanelled under its brand, with 35,000 consumers transacting daily on its platform.

Jugnoo operates three apps, the autorickshaw aggregation service Jugnoo Autos, food delivery service Jugnoo Meals and hyperlocal delivery service Jugnoo Fatafat. The company had earlier acquired online taxi booking platform BookMyCab in a cash and stock deal in July 2015.

The company secured $5 million in Series A funding from Snow Leopard Technology Ventures and Paytm in July 2015, $5.5 million in a series B 1 round in January this year.

Post a Comment

Previous Post Next Post
Like this content? Sign up for our daily newsletter to get latest updates.