Gurugram-based retail-tech startup NutriTap acquires Bengaluru's Pikobox
This procurement will help NutriTap, which is building information-driven and resource-light, D2C retail channel, extend its activities in South India.
NutriTap Technologies, a Gurugram-based retail-tech startup, on Thursday reported that it has gained Pikobox's business for an undisclosed sum.
This securing will help NutriTap, which is building a piece of information driven and resource-light, D2C retail channel, extend its activities in South India.
Remarking on the securing, Rajesh Kumar, Co-organizer and CEO of Nutritap, said,
"The securing of Pikobox reaffirms our obligation to make brilliant retail more open for clients the nation over. On account of the flood in the interest for contactless, keen retailing the nation over, we have added some marquee names to our B2B client base over the most recent 10 months. This procurement gives us a speedy and direct passage in the vital market of South India."
Rajesh likewise affirmed that NutriTap is in the last phase of conversations for certain critical financial backers for 1,000,000 dollar Pre-Series-A series of subsidizing.
"We have now hit the development stage, which is sponsored by strong income measurements and a minimal effort client procurement measure," he said.
"Our top-line has developed by multiple times over the most recent one year", he added.
Established by Hiran Kumar, Bharath T, Hari Prasanth and Arun Prasadh, Pikobox is a computerized candy machine startup, giving keen retailing B2B arrangements in Bengaluru, which is among the quickest developing retail-tech markets of India.
Nutritap is focusing on the post situation in the $7 billion D2C retail markets.
It professes to claim the high level, licensed D2C retail innovation which empowers multi-class retail from shrewd, sensor-based stands, very like what Amazon has been doing in certain business sectors with their Amazon Go insight.
The startup had brought around $400,000 up in seed capital from marquee financial backers like Patni family, Ananth Narayanan and a grasp of financial backers from McKinsey and Google. It hopes to close the Pre-Series A round in this quarter.
