NutriTap Technologies, a Gurugram-based retail-tech startup, on has acquired Bengaluru-based Pikobox.
With this acquisition, NutriTap plans to build a data-driven and asset-light, D2C retail channel and expand its operations in South India.
"The acquisition of Pikobox reaffirms our commitment to make smart retail more accessible for customers across the country. Thanks to the surge in the demand for contactless, smart retailing across the country, we have added some marquee names to our B2B clientele in the last 10 months. This acquisition gives us a quick and direct entry in the very important market of South India," said Rajesh Kumar, Co-founder and CEO of Nutritap.
Pikobox is a digital vending machine startup, providing smart retailing B2B solutions in Bengaluru, which is among the fastest-growing retail-tech markets of India.
"Pikobox's acquisition will help us bolster our position as a market leader in retail tech while opening more channels for brands to do D2C retail," said Nutritap's Co-founder and Chief Business Officer Priyank Tewari. “We are on track to enable smart retail at more than 2,500 locations in the top metro cities of India in the next two years,” he added.