Grofers was based on 27 December 2013 from Gurugram by means of Albinder Dhindsa and Saurabh Kumar.
Alvinder is from Patiala, Punjab. He did his engineering from IIT Delhi and labored as transportation analyst at America Company in the United States. Then he pursued his MBA, left his job, and got here back to India. He commenced operating with Zomato.
Whilst he was working in the USA, he noticed a massive gap in logistics and shipping enterprise. He saw that the transactions among customer and traders in hyper nearby space have been mismanaged. Throughout this time, he met Saurabh Kumar. When they both mentioned it, they found out that that is a notable niche market opportunity.
He talked to vendors and businessmen concerning this and found out that local pharmacy shops supply round 50-60 deliveries every day in a place of 3 to 4 km. because of lack of infrastructure, logistics changed into a large trouble for them.
Seeing the troubles confronted through businessmen, Alvinder thought of launching the sort of platform, which would help each the businessmen and clients. So he launched the Startup and one number. The idea behind one wide variety became to provide grocery, pharmacy and restaurant on- demand pick out and drop offerings for clients in nearby regions.
Grofers Journey and Growth
Inside 12 months the business enterprise has grown to a length of 180. A large scale for any corporation to reap in such quick time! Grofers these days tactics over 1200 to 1500 orders in an afternoon and has greater than Two hundred merchants are registered with them. Proper execution with era based totally solutions is the core purpose for the Grofers success. “Well, we accept as proper with there are fundamental reasons why we have grown and will preserve developing. One, neighborhood merchants have now not been a focal point for any business enterprise in India. Those agencies nevertheless work like they were operating 20 years in the past. On the same time the Walmarts and the Reliances are killing enterprise for the nearby stores. Neighborhood stores ought to stay competitive to live to tell the tale. That is therefore a large untapped marketplace ready to be revived. , on line purchasing has taken off and there is a large buzz round constructing precise logistics. Logistics is needed for survival of any enterprise nowadays. The logistics industry will simplest preserve developing for the following couple of years.” explains Sharad Harjai, marketing Head at Grofers.
On December eight, 2014, the corporation announced that it had raised Seed investment from Sequoia Capital.
Grofers has raised investment more than one times due to the fact then:
- Seed funding of 0.5 Million dollars from Deepinder Goyal, founder of Zomato and Sequoia Capital in December 2014
- Series A investment : $10 Million from Sequoia Capital and Tiger international in February 2015
- Collection B funding : $35 Million from Sequoia Capital and Tiger international in April 2015
- Trendy funding of $36 Million from Sequoia Capital , Tiger worldwide and Yuri Milner a in July 2015
On this adventure, Grofers additionally acquired Mygreenbox, which become a NCR primarily based grocery transport cellular app. The cutting-edge worker range at Grofers is around 3300 and still hiring! Grofers already has almost a pan India presence nowadays with it being already hooked up in 27 cities (Vishakhapatman, Kanpur, Vadodara, Ludhiana, Indore, Mumbai, Chandigarh, Delhi, Noida, Gurgaon, Jaipur, Bhopal, Bhubaneshwar, Ahmedabad, Rajkot, Surat, Pune, Mysuru, Coimbatore, Kochi, Lucknow, Bengaluru, Hyderabad, Nagpur, Nashik, Kolkata, Agra, Chennai) and scaling up continuously to extra. The organisation claims to have a user base growing at 400% , more than 700000+ downloads in their cell app and around 4,000 transactions normal.
- As per “YourStory.com” in the year 2014 Grofers become named one of the pinnacle 10 startup’s across Delhi.
- Indexed among the pinnacle 10 promising Gurugram-based startup’s in 2014 via “IndianWeb2.com”