April 27, 2016 - PepperTap's shutdown questions the viability of e-grocery business in India

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Invite Friends Blog Sree Vijaykumar From the Editor's Desk Cafe bars are the grown-up versions of coffee shops. As the youth evolve, they are looking for experiences beyond your typical Cafe Coffee Day. Cafe bars like 'Social' or 'Mockingbird Cafe' fill this niche, with both better food and ambience. They also encourage you to hang out, with free wifi and other goodies. By keeping pricing reasonable, they attract a larger client base. All-day dining and a lounge experience at night keep them occupied longer hours, increasing revenue. While the cafe bar will not be as ubiquitous (higher set-up costs) as coffee shops, India might just be ready to see more of this new format - Comment Digital PepperTap’s shutdown questions the viability of e-grocery business in India India's third-largest e-grocer PepperTap shutting shop reveals the challenge of running a tech startup, expanding aggressively and managing customer expectations as discounts recede with longer path to profitability. It also shines some light on the complexities related to the grocery vertical and throws some takeaways. SELL 24X7 on ShopClues Grow your Business with ShopClues. Join Us & Sell to over 2 Crore Customers.   Digital Digital payment startup TranServ raises $15 million from IDFC fund, Micromax Digital payments firm TranServ Pvt Ltd has raised $15 million (Rs 100 crore) in its Series C round of investment led by venture capital fund IDFC SPICE and consumer electronics maker Micromax Informatics Ltd. Existing investors Nirvana Venture Advisors and Faering Capital India Evolving Fund also participated in this round, the company said in a statement. IDFC SPICE is part of IDFC Asset Management Company. TranServ, which was founded in 2011, said it will use the funds to grow its business and invest in new products including micro credit. 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