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On-Demand Grocery Service JiffStore Raises Funding From Unitus Seed Fund and Times Internet

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More money is getting poured into India’s surging grocery delivery segment. JiffStore, an on-demand grocery service based on a mobile-only model, has raised fresh funding from Unitus Seed Fund and Times Internet.

With the new funding, it planning on an expansion of its network of stores, marketing and technology enhancement to provide a better user experience. Currently operational only in Bangalore, Jiffstore is looking to expand its operations to other cities including Mumbai, Delhi and Hyderabad.

Founded in 2013 by Aswin Ramachandran, Satish Basavaraj, Shameel Abdulla and Sandeep Sreenath, JiffStore acts as an on-demand grocery delivery solution which delivers groceries from nearby stores. Earlier, in May 2014, the company raised an undisclosed amount in seed funding from Unitus Seed Fund.

It connects local kirana stores to customers through a mobile app. The app is available in over 110 locations in Bangalore and offers free home delivery of groceries within 2 hours of order. Its app is available on Android as well as on iOS.

In a period of about eighteen months, the company claims to be processing over 6,000 transactions a month, with double-digit growth rate.  JiffStore touts its light solution model and smart engineering as assets, and the driving force behind achieving over 200 transaction a day.


 

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