India’s Grofers raises $120M

What does Grofers do?

Grofers, is an on demand hyper local deliveries from the local merchants to consumers. It delivers everything from groceries to cakes. The company connects consumers with the local businesses. The company offers a broad range of fruits, vegetables, groceries, bakery items, cosmetics, pet care products and a lot more. Customers can order through a mobile app and get all they need delivered to their doorstep.  The company is operating in 26 cities in India currently.

How much Grofers was funded?

Grofers raised $120M in Series C on November 26, 2015 from Sequoia Capital, SoftBank and Tiger Global Management

Previous funding

• $500k on December 8, 2014 from Sequoia Capital
• $10M in Series A on February 26, 2015 from Tiger Global Management and Sequoia Capital
• $35M in Series B on April 14, 2015 from Tiger Global Management and Sequoia Capital

What is next for Grofers?

The company is on a fundraising tear for aiding its expansion. The company’s latest funding’s lead investor Softbank has been investing hundreds of millions of dollars in Indian start-ups and as a part of the latest funding it is going to join the board of directors in the company. The funding will be used for continuing its growth in supply chain management development, but also continuing building out its infrastructure.

More about Grofers

Grofers was founded on December 27, 2013 by Albinder Dhindsa and Saurabh Kumar. It has its headquarters in Gurgaon. The company was started as a business to business provider of supply chain platform in the beginning for helping large brands distribute consumables to small merchants  .It is an instacart style app which links the local, offline merchants for delivering medicines, groceries, fruits, vegetables, flowers and other daily items to customers. The business is operating c in 26 cities in India currently, with 1.6 million mobile app downloads which are used for ordering its services.

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