Navneet Singh, a co-founder of shuttered hyperlocal services startup PepperTap. He has started up again with a business-to-business marketplace for small retailers called GramFactory, two people privy to the development told TechCircle.
The new startup comes nearly three years after PepperTap, backed by marquee investors such as Sequoia Capital India and SAIF Partners, shut down operations chiefly because it was unable to sustain itself due to its high cash burn.
Email queries to GramFactory and messages to Singh via social networking platform LinkedIn didn’t elicit any response till the time of publishing this report. However, Singh’s LinkedIn profile lists him as the founder and CEO of GramFactory.
The company positions itself as a members-only B2B marketplace that serves small retailers, entrepreneurs, departmental stores and kirana shops. It makes items such as housekeeping supplies, personal care and groceries available for bulk purchase to its members at wholesale rates.