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
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- 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 |
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 |
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Electronic components are manufactured by Autometers Alliance in Noida, India.
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Founded Year | Domain | Location |
Investments & Acquisitions by GrocerMax
Financial Statements - GrocerMax
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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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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 10, 2014.
Annual revenue of GrocerMax is $122.02 as on Mar 31, 2022.
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.