Registering strong growth in its online and offline businesses, online grocery platform Grofers plans to clock $1 billion in revenue by the end of the current financial year.
The Gurugram-based firm also aims to add 700 kirana stores to the network and increase the contribution of its G-brand to the total revenue.
“We are aggressively growing our business and aiming to clock $1 billion in revenue by the end of 2019 with a significant focus on our in-house brands. Our G-brands contribute 40 per cent to our current revenue, and we plan to increase it to 60 per cent in the coming years,” Grofers founder Saurabh Kumar told PTI.
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According to Kumar, expansion to offline Kirana stores earlier this year has helped the company to expand penetration of the G-brands.
“We help partner stores optimise their operations and improve their profitability by accessing our supply chain and technology. We are now expanding into new markets and are aiming to partner with 50,000 offline stores in the next 30-36 months,” he said.
Source: The New India Express
