Grofers FY16 revenue drops, losses widen 15-fold

Grofers3Hyperlocal delivery startup Grofers India Pvt. Ltd reported a sharp drop in revenue and a multifold jump in losses for 2015-16, hurt by rapid expansion and high costs that subsequently forced it to curtail operations and lay off staff. Revenue for the year through March 2016 fell 32% to Rs 58.34 lakh from Rs 86.38 […]

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