India's Most Funded Startup Grofers Shutdown Its Operations In 9 Cities.....
Here's another sign of tough times country's startup industry is going
through. Hyperlocal grocery startup Grofers is reportedly shutting down
its operations in nine cities.
According to reports, the Gurgaon-based company will no longer deliver in the following cities: Bhopal, Bhubaneswar, Coimbatore, Kochi, Ludhiana, Mysuru, Nashik, Rajkot and Visakhapatnam.
According to reports, the Gurgaon-based company will no longer deliver in the following cities: Bhopal, Bhubaneswar, Coimbatore, Kochi, Ludhiana, Mysuru, Nashik, Rajkot and Visakhapatnam.
In October 2015, the company halted operations in certain parts of Delhi
NCR due to operational issues after employees in Noida stopped working
based on layoff speculations.
Recently, Varun Khurana, chief technology officer (CTO) of Grofers India
had resigned from the company, barely a month after the venture closed a
mammoth $120 million (Rs 800 crore) round of funding.
According to Grofers they now operates there services in 17 cities - Agra, Ahemdabad, Benagaluru, Chennai, Chandigarh, Hyderabad, Indore, Jaipur, Kanpur, Lucknow, Kolkata, Mumbai, Nagpur, Pune, Delhi, Vadodara and Surat.
Grofers reportedly withdrew there services from 9 cities as it didn't see much output even after massive marketing campaigns and all the employees in these cities were relocated to other centers.
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