Mobile based On-Demand Grocery Platform,, JiffStore has raised follow on funding from Unitus Seed Fund Times Internet.
India is now witnessing a new era of O2O (Offline to Online) commerce, with the grocery industry in particular, rapidly integrating the digital and physical world. JiffStore is riding this wave by leveraging the grocery store network across Bangalore. In a short span of eighteen months, the company claims to be clocking 6,000 transactions a month, with double-digit growth rates.
Jiffstore has managed to achieve over 200 transactions per day through its asset light solution model and smart engineering. Armed with the additional funds Jiffstore, plans to expand the company’s network of stores. Funds will also be used to promote the firm’s services across various marketing channels, expand the team and improve the technology platform to provide superior customer experience. JiffStore is expanding its operations to other tier I cities Mumbai, Hyderabad and Delhi.
On a related note, Paytm has shutdown its grocery business.