Grofers incurs a loss of ₹24 lakh per day: CEO
Online grocery delivery startup Grofers is incurring a loss of ₹24 lakh per day, according to Co-founder and CEO Albinder Dhindsa. He attributed the loss to unused capacity and lack of optimisation in some cities. After shutting down operations in nine cities, the startup is currently operational in 17 cities with revenues of ₹16 lakh per day.