6 January, 2016, India: Grofers finally called off its operations in 9 cities across the country. Backed up by some of the big investors, Indian online delivery service startup has confirmed the news in a statement. According to Albinder Dhindsa, Co-Founder, Grofers , “The decision to pull out of Bhopal, Bhubaneswar, Coimbatore, Kochi, Ludhiana, Mysuru, Nashik, Rajkot, and Visakhapatnam, all major cities in their respective states was just a regular decision to not focus on areas where we were not seeing a significant number of transactions happening.”
He also informed that it has nothing to do with the departure of Varun Khurana last week. Khurana served the company as chief technology officer for less than a year. After shutting its operations in nine cities, Grofers now provides its services in 17 cities across the country.
“We have shut down cities and categories in the past as well and will continue to do it if it makes sense for the business,” Dhindsa stated further. Till now, the company has managed to raise US $165.5 million funding from the investors such as SoftBank, Sequoia Capital and Tiger Global Management. Grofers is one the biggest hyperlocal delivery startups in India. It has been closely monitored by the investors to get the clear picture of the future of startup business in India as the market is consolidating.
