About Groffr
Groffr is a company based in Mumbai (India) founded in 2010 by Mohit Wadhwa, Sankalp Srivastava, Vineet Wadhwa, and Sandeep Reddy. Groffr has raised $1 million across 1 funding round from investors including Telnet Ventures, Zarin Yar Khan and Hank Uberoi. The company has 1 employees as of April 06, 2024. Groffr offers products and services including Group Deals Platform. Groffr operates in a competitive market with competitors including Zillow, Redfin, Trulia, PropertyGuru and idealist, among others.
- Headquarter Mumbai, India
- Employees 1 as on 06 Apr, 2024
- Founders Mohit Wadhwa, Sankalp Srivastava, Vineet Wadhwa, Sandeep Reddy
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Sectors
Real Estate & Construction
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Phone
Locked
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Website
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Social
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- Legal Name Redstone Consultancy Services Private Limited
- Date of Incorporation 19 Jul, 2010
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$4.19 (USD)-99.82as on Mar 31, 2020
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Net Profit
-$7.66 K (USD)42.73as on Mar 31, 2020
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EBITDA
-$2.02 K (USD)69.03as on Mar 31, 2020
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Total Equity Funding
$1 M (USD)
in 1 rounds
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Latest Funding Round
$1 M (USD), Seed
Jul 12, 2011
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Investors
Telnet Ventures
& 6 more
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Employee Count
1
as on Apr 06, 2024
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Products & Services of Groffr
Groffr offers a comprehensive portfolio of products and services, including Group Deals Platform.
Platform for time-bound group buying to secure discounts
Funding Insights of Groffr
Groffr has successfully raised a total of $1M through 1 strategic funding round. The most recent funding activity was a Seed round of $1 million completed in July 2011. 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.
Investors in Groffr
Groffr has secured backing from 7 investors, including venture fund and angel investors. Prominent investors backing the company include Telnet Ventures, Zarin Yar Khan and Hank Uberoi.
| Investor | Description | Founded Year | Domain | Location |
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Financial blogging, market analysis, and subscription services.
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Zarin Yar Khan |
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HU
Hank Uberoi |
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Investor details for Groffr
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Investments & Acquisitions by Groffr
Investment portfolio details for Groffr
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Financial Statements - Groffr
Detailed financials for Groffr
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Groffr Comparisons
Peer comparison for Groffr
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Competitors of Groffr
Groffr 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 Zillow, Redfin, Trulia, PropertyGuru and idealist, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Residential properties are listed and searched through an app-based platform.
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Residential properties are listed and brokered through an online platform.
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Residential real estate search engine
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Real estate properties are discovered via an online portal.
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Online listing platform for buying and selling residential and commercial properties
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Provider of a platform for property rentals, sales, and related services
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Detailed competitors of Groffr
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Latest news on Groffr
Complete news archive for Groffr
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Frequently Asked Questions about Groffr
Groffr was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Groffr is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Groffr is a funded company, having raised a total of $1M across 1 funding round to date.
As of Apr 06, 2024, the latest employee count at Groffr is 1.
Annual revenue of Groffr is $4.19 as on Mar 31, 2020.
Groffr was founded in 2010 in Mumbai, India, as an online platform specializing in group buying for real estate. Discounts on property sales and purchases are negotiated through time-bound group deals for registered buyers. Relationships with sellers are leveraged to secure favorable terms. The company, led by an IIM-K founding team, acquired Mobstreet.in to expand its group-buying model in the sector.
Groffr's top competitors include Zillow, PropertyGuru and Trulia.
Groffr offers Group Deals Platform.
Groffr has 7 investors. Key investors include Telnet Ventures, Zarin Yar Khan, Hank Uberoi, Nitin Singhal, and Rajendra Pandhare.