Hyperlocal delivery service provider Grofers has raised funding worth $35 million led by existing investor Tiger Global Management and participation from Sequoia Capital India, reports ET. Following this deal, Grofers is reportedly valued at $115 million. The funds will go towards expansion across categories and geographies. Albinder Dhindsa, co-founder of Grofers, told TOI that Grofers will be launching services in Hyderabad and Pune. It currently delivers in Mumbai, Delhi and Bangalore. They’re also apparently planning to add pharmaceuticals and electronics in the near future, after the recent introduction of pet food. Dhindsa had told ET previously that they were doing 1,000 orders every day in Delhi and Mumbai as compared to 180 in February. Mid-way last year, YourStory reported that Grofers was catering to over 3,000 orders per week. Raised $10 million 2 months ago Less than two months ago, Grofers had raised series A funding of $10 million led by Tiger Global Management and returning investor Sequoia Capital. In December last year, the startup had raised an undisclosed amount of seed funding from Sequoia Capital and Zomato founder Deepinder Goyal. MyGreenBox acquisition Earlier this week, the company acquired mobile grocery My Green Box. The details of the deal were not disclosed. A report on TheTechPortal stated that My Green Box’s 15 member team was brought into Grofers and Varun Khurana, founder of My Green Box, will act as the CTO of Grofers. Grofers plans to build depth in their grocery vertical, which it claims where 60% of their business comes…
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
News
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
Advert
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
News
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
News
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...