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Grofers’ net loss widens to ₹637 crore in FY 20
February 08, 2021
Its 42% high than previous financial year
Grofers’ net loss has widened to ₹637 crore in FY 20, which is 42 per cent higher from the previous financial year. The online grocery firm has reported revenues of ₹177 crore, a 111 per cent jump since the last financial year, according to regulatory filings accessed by
BusinessLine from Tofler.
Grofers’ total expenses rose from ₹518 crore for the previous fiscal to ₹814 crore for FY20. Grofers is an e-grocery platform that has a network of over 12,000 partner stores that enable the company to run a fast and lean supply chain - from manufacturers straight to consumers. “For the FY21 fiscal, the company is bracing for the hit because of the Covid-19 pandemic,” it said. ....

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