grofers Archives - nextbigwhat

Grofers Will Now Deliver Reliance’s 4G Lyf Smartphones

Grocery app based Grofers will now be delivering Reliance’s new 4G smartphones LYF starting from January 29th. The three devices – Lyf Earth 1, Lyf Water 1 and Lyf Water 2 will be available on Grofers at over 150 stores across 13 cities.

Tech

#IndianStartupData : Grofers Revenue Stands At Rs. 86 lacs At A Loss Of Rs. 4 Crores in FY14-15

The company made a loss of INR 3.9 crores in FY14-15 compared to a loss of INR 2.8 lacs the previous fiscal. Largest expense head was ‘Employee Expenses’ at INR 2.2 crores.

Exclusive : Real Estate Startup Groffr Takes Grofers To Court Over Brand Name Dispute

Post this, the first change Grofers has done to its website is the removal of the word ‘trademark’ , as they don’t have a trademark on the name yet.The court has given the two companies 8 weeks to file original documents and the next hearing is on Feb 17th, 2016. Grofers is currently rumored to be raising $200mn round and last raised $35mn in April 2015.

Grofers Acqui-hires Bangalore-based Tech Startups SpoonJoy, Townrush [Confirmed]

The move is marked as a part of the scaling-up process at Grofers and is purely an acqui-hire, said Grofers. According to Grofers, they aren’t looking to continue the existing business lines of these companies, and no significant cash or equity is being exchanged.

Grofers Acqui-hires Bangalore-based Logistics Startup Townrush

The acquisition is primarily for the teams with no significant cash or equity-exchange, said an executive from Grofers to TOI. Grofers had recently acquired SpoonJoy, a Bangalore based food-tech startup. Grofers had previously raised seed rounds, and were reportedly in talks to raise fresh funds.