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== Acquisitions == |
== Acquisitions == |
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Mygreenbox on April 10, 2015 |
*Mygreenbox on April 10, 2015 |
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Townrush on Oct 27, 2015 |
*Townrush on Oct 27, 2015 |
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*SpoonJoy, Oct 2015<ref>http://www.newspatrolling.com/grofers-company-profile/</ref> |
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==See also== |
==See also== |
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Revision as of 12:07, 11 June 2018
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| Type of business | Private |
|---|---|
| Founded | December 2013 |
| Headquarters | Gurgaon, India |
| Area served | India |
| Founder(s) | Saurabh Kumar Albinder Dhindsa |
| Services | Online shopping |
| Employees | 1,100 (2018) |
| Parent | Grofers International Pte Ltd |
| URL | www |
| Registration | Required |
| Current status | Online |
| Registered in Singapore | |
Grofers is an Indian online grocery delivery service.[2] It was founded in December 2013 and is based out of Gurugram.[3][4] As of 2018, the company has raised about $226.5 million from investors including SoftBank, Tiger Global and Sequoia Capital.[5][6] In early 2016, Grofers reduced its workforce by ten percent and reduced its operations from 26 cities to 13 cities.[7]
The name Grofers is a portmanteau of "grocery gophers".[8] Customers of the company use a mobile application to order groceries online. Grofers employees then secure the items from their warehouse and deliver the items to the consumer.[9]
Grofers currently operates in a total of 26 cities across India: Agra, Ahmedabad, Bengaluru, Bhopal, Bhubaneswar, Chandigarh, Chennai, Coimbatore, Delhi NCR, Hyderabad, Indore, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, Ludhiana, Mumbai, Mysuru, Nagpur, Nashik, Pune, Rajkot, Surat, Vadodara and Visakhapatnam.
Funding rounds[10]
| Announced Date | Transaction Name | Number of Investors | Fund Raised |
| 8-Dec-14 | Seed Funding | 1 | $500K |
| 26-Feb-15 | Series A | 2 | $10M |
| 14-Apr-15 | Series B | 2 | $35M |
| 26-Nov-15 | Series C | 5 | $120M |
| 25-Oct-17 | Series D | 1 | $14M |
| 16-Mar-18 | Series E | 3 | $61.5M |
Investors[11]
Sequoia Capital
Tiger Global Management
Softbank
Yuri Milner
Cyriac Roeding
Roeding Ventures
Grofers International
Acquisitions
- Mygreenbox on April 10, 2015
- Townrush on Oct 27, 2015
- SpoonJoy, Oct 2015[12]
See also
References
- ^ a b "grofers.com Site Overview". Alexa Internet. Retrieved 13 May 2018.
- ^ Shrivastava, Aditi; Chanchani, Madhav (13 July 2016). "After a year of rapid growth, Grofers aiming to achieve operational break-even by year end". The Economic Times. Retrieved 29 September 2016.
- ^ Sen, Sunmy (23 May 2016). "It's Grofers vs BigBasket in the grocery delivery app war". Hindustan Times. Retrieved 29 September 2016.
- ^ "Grofers has had a good run so far, aims at operational break-even by year end". Business Insider. 13 July 2016. Retrieved 29 September 2016.
- ^ Shu, Catherine (5 January 2016). "Indian Hyperlocal Delivery Startup Grofers Pulls Out Of 9 Cities". TechCrunch. Retrieved 29 September 2016.
- ^ Ganguly, Paloma (26 November 2015). "Delivering groceries, Grofers bags big bucks from SoftBank". Tech in Asia. Retrieved 29 September 2016.
- ^ Saligrama, Anirudh (15 August 2016). "How Grofers Is Battling Legal Notice That Was Served By Students". TechStory. Retrieved 29 September 2016.
- ^ "Local heroes". The Economist. 14 January 2016. Retrieved 29 September 2016.
- ^ "Gone in 90 minutes". mid-day. Retrieved 26 July 2017.
- ^ "Grofers | Crunchbase". Crunchbase. Retrieved 31 March 2018.
- ^ "Grofers | Crunchbase". Crunchbase. Retrieved 31 March 2018.
- ^ http://www.newspatrolling.com/grofers-company-profile/