How much do Grofers earn?

Online grocer Grofers’ net loss swelled 42\% to ₹637.4 crore in 2019-20 from ₹448 crore the previous year, even as its revenue more than doubled to ₹176.7 crore. In 2018-19, Grofers had reported revenue of ₹83.6 crore.

Is Grofers store profitable?

Revenue : 176.7 crores INR (2020)

Who funded Grofers?

Online grocery delivery platform Grofers has raised $16.7 million from its existing investor KTB Ventures. The fresh tranche came soon after Zomato’s investment in the SoftBank-backed company.

How does Grofers work?

Grofers is an Indian online grocery delivery service. Customers of the company use a mobile application to order groceries online. Grofers employees then secure the items from their warehouse and deliver the items to the consumer. The delivery may be scheduled for any time of the day.

What is the salary of grofers delivery boy?

Average Grofers Delivery Boy salary in India is ₹ 1.4 Lakhs for employees with less than 1 year of experience to 10 years. Delivery Boy salary at Grofers ranges between ₹ 0.2 Lakhs to ₹ 3 Lakhs. Salary estimates are based on 52 salaries received from various employees of Grofers.

Is Grofers owned by Zomato?

“Commission approves proposed acquisition by Zomato of approximately 9.3\% stake in Grofers India and Hands on Trades,” the fair trade regulator had said in a tweet. According to the filings made by Grofers, the investment is expected to give Zomato a 9.16\% stake in Grofers India and a 8.94\% stake in Hands On Trades.

How much money has Grofers raised in 2019?

Series F was conducted next year in May 2019, and the company managed to raise $200 Million in funds. In July 2019, Grofers managed to add $10 Million to Series funding. The company added $20.1 Million to its funds in equity in October of 2019. In November 2019, Grofers increased $45.2 Million in equity.

What is the business model of Grofers?

The business model for Grofers Grofers is an on-demand delivery service and has transformed its model over the years. However, the main components that make up its revenue model remain more or less the same. From the time of its inception to late 2016, the company remained a hyperlocal delivery startup.

How much does Grofers charge merchants?

Grofers has tied up with the local shop owners and merchants for grocery and daily needs goods in the local areas. Grofers charges these merchants some commission on these orders. The commission ranges from 8\% to 15\% when the orders are below 700 and charges 12\% to 15\% when the orders are below 1000.

How much Commission does Grofers take on sales?

In return, Grofers takes a commission on every order, which can be anywhere from 8\% to 15\%. Are Grofers products good?