Gurgaon-based on-demand delivery startup Grofers has grabbed over $35 Mn in a new round of funding led by Tiger Global and Sequoia Capital. This is third fundraise for the 18 month old startup in just six months. Earlier, in February, Grofers had raised $10 Mn from Tiger Global and Sequoia Capital. This takes the company’s post-money valuation to $115 Mn, during its last fundraise Grofers was valued at over $33 Mn.
Grofers is an on-demand delivery startup that delivers items from nearby stores of the cities to the customer. The startup realizes that there is a need of such a platform to provide convenience and local shopping experience by connecting the consumers to the stores in their neighbourhood through an easy to use web and mobile platform. The company assures 90-minutes delivery of product.
Founded in 2013 by IIT graduates Albinder Dhindsa and Saurabh Kumar, Gofers has recently acquired Delhi-based My Green Box, a smartphone-based grocery delivery platform.
“We continue to grow at a rapid pace and are raising the funds to fuel our expansion across categories and geographies,” said Albinder Dhindsa.
Grofers is currently doing over 1000 orders a day with presence in Delhi and Mumbai, which was 180 a day in February. Just last week, it had launched operations in Bangalore, and further plans to enter Pune, Hyderabad and Chennai by June. Grofers app has over 35k Android downloads and 10k on iOS apps.
Startups including Gurgaon’s PepperTap, Mumbai-based Scootsy, Swiggy and Delyver have recently raised funding or are close to raising funds.
Prior to this, Grofers had raised seed funding from Sequoia Capital.