B2B grocery ecommerce startup Peel-Works raises $3 Mn from Black Soil, others

Peel-Works Pvt Ltd, a Mumbai-headquartered B2B grocery ecommerce company that operates the retail management platform, Taikee, has raised venture debt of around $1 Mn from BlackSoil Capital, Peel-Works has also secured working capital to the tune of $2 Mn from others, including key suppliers.

Peel-Works enables better lives for Corner stores. The company claims to have a direct tie-up with leading FMCG brands, making it convenient for retailers to source a wide assortment at low prices through a single app instead of interacting with multiple brands' salesmen.

"We believe the time is ripe for us to expand our presence across various geographies beyond the top 10 cities that we currently operate in and the fund that we have received would be extremely helpful in our endeavour," said Sachin Chhabra, Founder, Peel-Works.

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