Grofers Raises $10M From Sequoia And Tiger Global

grofers

Gurgaon-based On-Demand Delivery Service For Indian Cities, Grofers, has raised $10 million in Series A funding led by Sequoia Capital and Tiger Global. In December 2014, the company had raised funding from Sequoia Capital, thus bringing total funding till date to $10.5 million.

As per a TechCrunch report, the raised funding will be used to improve its technology, and expand its services to more cities.

Grofers is a hyper-local delivery service connecting consumers with their local merchants. Grofers partners with local merchants such as chemists, bakeries, grocery shops, organic food retailers and laundry services to help them deliver their goods at the required destination. The company partners with a variety of merchants such as Quikr, Le Marche, Needs, HealthKart, Sucre and Dhobi Express etc. (Read full story of Grofers here )

Grofers was started in January 2014 from Gurgaon by Albinder DhindsaSaurabh Kumar. Albinder is an Engineer from IIT Delhi and an MBA from Columbia Business School.  Prior to starting Grofers, Albinder was the Head of International Operations at Zomato. Saurabh is an Enginner from IIT  Bombay and has a Master degree in Transportation from The University of  Texas at Austin. Prior to starting Grofers, Saurabh was the COO of Rasilant Technologies.

The biggest challenge facing Grofers  it expands into new cities is the labor-intensive process of adding shops. After Bangalore, Grofers hopes to expand into other major cities soon, including Hyderabad, Chennai, and Calcutta.

 

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