Grofers Is Doing 1000 Orders A Day, Grabs $35 Mn From Tiger Global & Sequoia

Grofers Is Doing 1000 Orders A Day, Grabs $35 Mn From Tiger Global & Sequoia

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.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Unlock 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Grofers Is Doing 1000 Orders A Day, Grabs $35 Mn From Tiger Global & Sequoia-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Grofers Is Doing 1000 Orders A Day, Grabs $35 Mn From Tiger Global & Sequoia-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Grofers Is Doing 1000 Orders A Day, Grabs $35 Mn From Tiger Global & Sequoia-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Grofers Is Doing 1000 Orders A Day, Grabs $35 Mn From Tiger Global & Sequoia-Inc42 Media
Grofers Is Doing 1000 Orders A Day, Grabs $35 Mn From Tiger Global & Sequoia-Inc42 Media
You’re in Good company