About GrocerMax
GrocerMax is a company based in Gurugram (India) founded in 2012 by Gaurav Juneja was acquired by Tata in June 2017.. GrocerMax has raised $2.41 million across 3 funding rounds from investors including Tata, Bamr Properties and M Radhakrishnan. GrocerMax operates in a competitive market with competitors including Swiggy, Bigbasket, Blinkit, Dunzo and Otipy, among others.
- Headquarter Gurugram, India
- Founders Gaurav Juneja
- Stage Minicorn
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Rg Retail Private Limited
- Date of Incorporation 15 Jul, 2014
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$122.02 (USD)-48.82as on Mar 31, 2022
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Net Profit
$-910.05 (USD)-19.81as on Mar 31, 2022
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EBITDA
$-817.94 (USD)-0.17as on Mar 31, 2022
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Total Equity Funding
$2.41 M (USD)
in 3 rounds
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Latest Funding Round
$178.08 K (USD), Seed
Jan 10, 2017
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Investors
Tata
& 9 more
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Employee Count
Employee Count
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Acquired by
Tata
(Jun 26, 2017)
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Funding Insights of GrocerMax
GrocerMax has successfully raised a total of $2.41M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $178.08 thousand completed in January 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $178,083
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First Round
First Round
(10 Sep 2014)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2017 | Amount | Seed - GrocerMax | Valuation | Bamr Properties | |
| May, 2016 | Amount | Seed - GrocerMax | Valuation | Bamr Properties | |
| Sep, 2014 | Amount | Seed - GrocerMax | Valuation | Bamr Properties |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in GrocerMax
GrocerMax has secured backing from 10 investors, including institutional and angel investors. Prominent investors backing the company include Tata, Bamr Properties and M Radhakrishnan. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Electronic components are manufactured by Autometers Alliance in Noida, India.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by GrocerMax
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - GrocerMax
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Grocermax Comparisons
Competitors of GrocerMax
GrocerMax operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Swiggy, Bigbasket, Blinkit, Dunzo and Otipy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Food and grocery items are ordered via an online network.
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| domain | founded_year | HQ Location |
Personal and household products are delivered via an e-commerce platform.
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| domain | founded_year | HQ Location |
Instant delivery of groceries and essentials is facilitated online.
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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| domain | founded_year | HQ Location |
Grocery products are provided via an online digital storefront.
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| domain | founded_year | HQ Location |
Provider of online platform offering grocery, household items, cakes, and flowers
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Grocermax
Frequently Asked Questions about GrocerMax
When was GrocerMax founded?
GrocerMax was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is GrocerMax located?
GrocerMax is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Is GrocerMax a funded company?
GrocerMax is a funded company, having raised a total of $2.41M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.65M, raised on Sep 10, 2014.
What is the annual revenue of GrocerMax?
Annual revenue of GrocerMax is $122.02 as on Mar 31, 2022.
What does GrocerMax do?
GrocerMax is is an online retailer of groceries with a model of own inventory like Big Basket. Categories include groceries and staples, fruits and vegetables, daily essentials, FMCG, dairy, personal care and other. Offers 5000 products across 400 brands through its portal. Offers free delivery for orders above INR 500 and charges INR 35 for orders below INR 500. Operational in Delhi NCR areas as of Jun16. Founder is ex-CEO of Future Fresh Foods line of Future Group and Reliance Retail.
Who are the top competitors of GrocerMax?
Who are GrocerMax's investors?
GrocerMax has 10 investors. Key investors include Tata, Bamr Properties, M Radhakrishnan, Autometers Alliance, and Kpsb Realtech.
What is GrocerMax's valuation?
The valuation of GrocerMax is $14.65M as of Jan 2017.
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