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
- SectorsRetail
- Website grocermax.com
- Social Facebook
- Acquired by Tata (Jun 2017)
- Legal Name Rg Retail Private Limited
- Date of Incorporation 15 Jul, 2014
- Jurisdiction Delhi, India
Associated legal entities of GrocerMax
GrocerMax operates through Rg Retail Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Rg Retail Private Limited CIN U51101DL2014PTC268909 | Active | 15 Jul 2014 | Delhi, Delhi | ₹0.0 Cr | 4 | 3 | View details |
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 $2.41M
- Total Rounds 3
- Last Round Seed — $178,083
- First Round $1.65M
(Sep 2014)
- Investors Count 9
All 3 funding rounds of GrocerMax with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2017 | $178,083 | Seed | $14.65M | Bamr Properties | |
| May 2016 | $585,090 | Seed | $14.27M | Bamr Properties | |
| Sep 2014 | $1.65M | Seed | $••••• | Bamr Properties |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2017 | $14.65M | •••••••• |
| May 2016 | $14.27M | •••••••• |
| Sep 2014 | $••••• | •••••••• |
Full valuation and stage history of GrocerMax
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $14.65M (Jan 2017). 10 investors in total: 5 institutional and 5 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | bamrproperties.tcc.mode | - | |
Electronic components are manufactured by Autometers Alliance in Noida, India. | – | autometers.com | Noida, India | |
- | – | kpsbrealtech.tcc.mode | - | |
D. M. Narang & Co. is engaged in providing tax consultancy and financial services. | 1964 | dmnco.in | New Delhi, India | |
Multiple industries are operated in by the diversified Tata conglomerate. | 1868 | tata.com | Mumbai, India | |
MR M Radhakrishnan | Angel investor and tech leader, ex-CIO of Maruti Suzuki, active in startups | – | unknown_085a707f4e7c4a0a9 | - |
KN Karthik Nayar | - | – | unknown_67dbe64c7ab94c85b | - |
GJ Gaurav Juneja | Angel investor, ex-Myntra executive, focused on consumer tech and D2C startups. | – | unknown_21e4665ef8fe43bab | - |
AM Anshuman Magzine | - | – | unknown_b44973dbd1184c4f9 | - |
RN Rajeev Nayar | - | – | unknown_fd6b8f94c4724bfc9 | - |
Investor details for GrocerMax
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Rg Retail Private Limited (GrocerMax)
Rg Retail Private Limited is the primary company behind GrocerMax. The board of Rg Retail Private Limited currently have 3 directors; the longest-serving is Radhakrishnan, appointed in 2014. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Radhakrishnan DIN 01657716 | Director | 15 Jul 2014 | 12 yrs 2 mo | Rg Retail Private Limited |
| Gaurav Juneja DIN 03104643 | Director | 15 Jul 2014 | 12 yrs 2 mo | Rg Retail Private Limited |
| Kartik Nayar DIN 06984752 | Director | 25 Sep 2014 | 12 yrs | Rg Retail Private Limited |
People of GrocerMax
1 people are tracked at GrocerMax (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership |
Complete people profiles for GrocerMax
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of GrocerMax
Figures of Rg Retail Private Limited, the primary company behind GrocerMax, for FY 2025. Revenue was ₹12,242 (+3% year on year). Net loss was -₹19,058 (-156% margin). EBITDA was -₹19,058 (-156% margin). Revenue has grown at a compounded annual rate of +395% over three years and -22% over five years.
- ₹12,242Revenue · FY 2025 · +3% YoY
- -₹19,058Net loss · -156% margin
- -₹19,058EBITDA · -156% margin
- ₹2.86 CrPaid-up capital
- 4Employees (provident fund records)
- +395%Revenue CAGR, 3 years
- -22%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Rg Retail Private Limited are on its company page.
Detailed financial statements for GrocerMax
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of GrocerMax
5 dated milestones of GrocerMax across 5 years, from founding to its latest funding, stage changes and deals.
- Founded GrocerMax is founded.
- Funding First funding round of $1.6M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $178K.
- Exit Acquired by Tata.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| swiggy.com | 2014 | Bengaluru, India | $3.54B | 4,953 | Food and grocery items are ordered via an online network. | |
| bigbasket.com | 2011 | Bengaluru, India | $943.07M | 22,095 | Personal and household products are delivered via an e-commerce platform. | |
| blinkit.com | 2013 | Gurugram, India | $757.12M | 5,975 | Instant delivery of groceries and essentials is facilitated online. | |
| dunzo.com | 2014 | Bengaluru, India | $449.13M | 195 | Operates an on-demand hyperlocal delivery app for food and groceries. | |
| otipy.com | 2020 | Gurugram, India | $44.2M | 87 | Grocery products are provided via an online digital storefront. | |
| ondoor.com | 2014 | Bhopal, India | $3.42M | 36 | Provider of online platform offering grocery, household items, cakes, and flowers | |
| wellversed.in | 2018 | Gurugram, India | $1.84M | 263 | Online retailer offering multi-category nutritional products |
Detailed competitors of GrocerMax
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Grocermax
Complete news archive for GrocerMax
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to GrocerMax
10 companies that operate in the same segment as GrocerMax (Food & Grocery Retail), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.47 B | USD 10.72 B | 23,700 | |
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.46 B | 4,490 | |
Meal recipe kits are delivered through a weekly subscription service. | 2011 | Berlin, Berlin, Germany | USD 367.28 M | – | – | |
Online marketplace offering multi-category grocery products | 2015 | Barcelona, Catalonia, Spain | USD 1.16 B | – | – | |
Personal and household products are delivered via an e-commerce platform. | 2011 | Bengaluru, Karnataka, India | USD 943.07 M | – | – | |
Instant delivery of groceries and essentials is facilitated online. | 2013 | Gurugram, Haryana, India | USD 757.12 M | – | – | |
Multi-category products are delivered quickly through an online platform. | 2020 | Bengaluru, Karnataka, India | USD 2.3 B | USD 344.05 K | 100 | |
Organic groceries are offered through an online membership platform. | 2013 | Los Angeles, California, United States | USD 332.18 M | – | – | |
Online marketplace platform offering multi-category grocery products | 2012 | San Francisco, California, United States | USD 2.93 B | USD 3.74 B | 3,270 | |
Platform offering food and grocery delivery services | 2013 | London, England, United Kingdom | USD 2.95 B | USD 2.59 B | 3,960 |
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Frequently Asked Questions about GrocerMax
GrocerMax was founded in 2012 and raised its 1st funding round 2 years after it was founded.
GrocerMax is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
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 2014.
The primary company behind GrocerMax, Rg Retail Private Limited, reported revenue of ₹12,242 for FY 2025, up 3% year on year.
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.
GrocerMax has 10 investors. Key investors include Tata, Bamr Properties, M Radhakrishnan, Autometers Alliance, and Kpsb Realtech.
The valuation of GrocerMax is $14.65M as of Jan 2017.
GrocerMax operates through Rg Retail Private Limited.
Yes. GrocerMax was acquired by Tata in June 2017.
The legal entities of GrocerMax currently have 3 directors, including Radhakrishnan, Kartik Nayar, Gaurav Juneja.