Grofers Revenues

In a Q&A, the CEO and Co-Founder of the firm that has rebranded itself as Blinkit, dwells on the need for rechristening and the company's strategy going ahead

The company's total expenses for the fiscal were reported as Rs 814 crore

Grofers, which has a strong play in the private labels segment across categories, is likely to follow this strategy in the fashion segment

The online grocery platform, which has advanced its plan to launch an initial public offer by the end of 2021, said it continues to focus on enhancing customer experience

The company closed the financial year with a revenue of around Rs 2,500 crore and the valuation of Grofers is estimated to be close to Rs 6,000 crore.

Grofers co-founder Dhindsa has made a name for himself in the food delivery sector

The company had posted a net loss of Rs 258.3 crore for the year ended March 2018

The firm continued to burn cash as expenses in 2016-17 touched Rs 3.02 billion