https://ift.tt/npEeQAJ Submitted May 19, 2026 at 09:19PM by finance-guy123 https://ift.tt/v4pFAGL
This is the story of Grofers, the company which fulfilled our needs at home, today it faces some or the other problem every day. Grofers, which started in 2013, was going to get IPO in 2021. But suddenly it merges with Zomato in a $700 million deal. Moreover, while companies like Swiggy and Zepto reach new heights every day, Grofers is on the brink of shutting down. Why did the brand we knew as Grofers, change its name? Did Swiggy and Zepto hit Grofers hard? What went wrong that a company working for so long has to face all this today? What happened to Grofers? CASE STUDY: WHAT HAPPENED TO GROFERS? The story began in 2013 when Saurabh Kumar and Albinder Dhindsa noticed everything getting done through phones, be it food delivery or booking a cab. Everything got done with a click on your phone. They got an idea at the time. They thought of how everything is done via phone, then why go out for groceries? This could also be done via phone. This was the start of Grofers , In very lit...