Grofers Acqui-hires Bangalore-based Logistics Startup Townrush

Grofers has acqui-hired Bangalore-based B2B logistics delivery company Townrush.

The acquisition is primarily for the teams with no significant cash or equity-exchange, said an executive from Grofers to TOI.

The acquisition comes after Grofers’s (unconfirmed)¬†acquisition of¬†SpoonJoy, a Bangalore based food-tech startup. Both startups had previously raised seed rounds, and were reportedly in talks to raise fresh funds.

[Source]

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