Co-founder Grofers Saurabh Kumar has left the company when Zomato has reportedly planned to invest in online stores, or even buy it directly. But Kumar will defend its shares and be on the Board of Directors of Grofers.
Saurabh Kumar, Co-founder of online wholesale grocer supported by Softbank leaving the company, even because of the grofers in talks with the Zomato food delivery company for investment.
“I already know @skgrofers for 14 years and I have spent the last 8 years building
@grofers with him. Today, SK turns to another challenge and I hope the best. It has become an honor and fun, “Albinder Dhindsa, Co-Founder and Chief Executive Company said in a tweet.
Kumar announced his status to GROFERS employees in email, where MoneyControl had seen a copy. While he will not be actively involved with Grofers again, he will continue to be a shareholder and board member.
Grofers was founded in 2014 by Dhindsa and SK – as he was known by people in and company friends, and included between the Litani Startup Hyperokal at that time. Most of them, including Peppertap and Localbanya are closed after Funding Frenzy 2015, when investors and founders realize so many players cannot compete in space.
Grofers and Bigbasket belonging to Tata are the biggest players in space today. “Over the past few years, we finally built a lot of industrial rating, growing from a small startup to one of the largest grocery shopping platforms in India. None of this might have happened without driving SK and its determination, our unshakable commitment to our mission., And the way he strengthens our team to move the mountain, while providing the lowest price commitment to millions of first time wholesale internet buyers in India, “said Dhindsa in a blog post.
