You are here: Home » Companies » News
Business Standard

Grofers raises $36 million

BS Reporter 

Hyper-local grocery and fresh food delivery platform Grofers has got $36 million in a Series-C round of fundrasing from existing investors Sequoia Capital, Tiger Global and Yuri Milner.

Shardul Amarchand Mangaldas & Co. acted as the legal counsel for Grofers, which has tie-up with local merchants and promises to deliver goods within 90 minutes of placing an order.

In April, the company had raised $35 million from Sequoia and Tiger, which came just two months after its first round from the same investors.

The company had raised around $45 million between February and April this year. Grofers competes with the likes of and in the grocery segment which is fast rising on the e-commerce map.

Grofers has operatuions in large cities including Bangalore, Delhi and Mumbai and is looking at a rapid expansion. Earlier this year, it also acquired MyGreenBox, a smartphone based grocery delivery platform.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, July 10 2015. 00:45 IST