Grofers to focus on doubling sales to Rs 5,000 crore by FY20, targets IPO within next three years - Firstpost
6 May 2019 4:23 AM IST
Grofers that was last valued at $600 million has moved out of hyper-local delivery model 3 years ago
- Kolkata: Online supermarket major Grofers India is pursuing profitability by consolidation and focusing on doubling its sales to Rs 5,000 crore by FY'20.
- At present our monthly sales have touched Rs 225 crore, growing at 8.5 per cent month on month.
- We expect around Rs 5,000 crore sales in the current fiscal," Grofers co-founder & CEO Albinder Dhindsa told PTI .
- Grofers, despite raising $60 million recently, remained focused on consolidating its presence in 12 cities (where it is already present) across the country to push profitability instead of aggressive geographical expansion.
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