15 February 2021
India’s online grocer Grofers has reported a 111% increase in its revenue to INR1,767m (US$24m) in FY20 (ending March 2020). However, with overall expenses increasing 53% to INR8,142m (US$112m), the retailer reported a net loss of 42%, equating to INR6,374m (US$88m).
Increase in warehouse space, store partners and private labels
The online retailer is now present in 38 cities and able to ...