Grofers losses widen 15 times to ₹60.87 crore in 2016
Hyperlocal delivery startup Grofers' net loss widened 15 times to ₹60.87 crore in 2016 from ₹3.9 crore registered a year ago, reportedly due to rapid expansion and high costs.  Grofers' revenue for the year fell 32% to ₹58.34 lakh from ₹86.38 lakh in 2015. Founded in 2013, Grofers shut its operations in nine cities last year.