About Groffr
Groffr is a Real Estate & Construction company based in Mumbai (India) founded in 2010 by Mohit Wadhwa, Sankalp Srivastava, Vineet Wadhwa, and Sandeep Reddy. Online platform for group buying in real estate. 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. Groffr offers products and services including Group Deals Platform. Its focus areas include Consumer, Residential Real Estate Tech, Listings and Real Estate and Construction Tech. Its legal entity in India is Redstone Consultancy Services Private Limited (U93000MH2010PTC205575). Its competitors include NoBroker and Square Yards; 2 of its 2 listed competitors have raised funding.
Company details
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.
- Headquarters Mumbai, India
- Employees 1
- Founders Mohit Wadhwa, Sankalp Srivastava, Vineet Wadhwa, Sandeep Reddy
- SectorsReal Estate & Construction
- Website groffr.com
- Social LinkedIn X Facebook
- Legal Name Redstone Consultancy Services Private Limited
- Date of Incorporation 19 Jul, 2010
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹51,180
FY 2024
- Net Loss-₹2.6 Lakh
FY 2024 · -499% margin
- EBITDA-₹88,054
FY 2024 · -172% margin
- Total Equity Funding$1M (USD)
in 1 rounds
- Latest Funding Round$1M (USD), Seed
Jul 2011
- InvestorsTelnet Ventures
& 6 more
- Employee Count1
Associated legal entities of Groffr
Groffr operates through Redstone Consultancy Services Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Redstone Consultancy Services Private Limited CIN U93000MH2010PTC205575 | Active | 19 Jul 2010 | Mumbai, Maharashtra | ₹0.0 Cr | 2 | View details |
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.
- Total Funding $1M
- Total Rounds 1
- Last Round Seed — $1M
- First Round $1M
(Jul 2011)
- Investors Count 7
All 1 funding rounds of Groffr 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 |
|---|---|---|---|---|---|
| Jul 2011 | $1M | Seed | – | – |
7 investors in total: 1 institutional and 6 angel.
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 |
|---|---|---|---|---|
Financial blogging, market analysis, and subscription services. | 2009 | telnetventures.com | Mumbai, India | |
ZY Zarin Yar Khan | unknown_2c30e2b2d72c4fa58 | |||
HU Hank Uberoi | unknown_4344630ac85b48fba | |||
NS Nitin Singhal | Angel investor, ex-entrepreneur, focused on early-stage Indian startups | unknown_fbc1c79236674206a | ||
RP Rajendra Pandhare | unknown_3df663c6fea64da9a | |||
KJ Krishna Jha | unknown_4f9c31ff34274a069 | |||
RY Rehan Yar Khan | Veteran angel investor, founder of Orios Venture Partners, early backer of unicorns | unknown_ac0b96daf50d470e9 |
Investor details for Groffr
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Redstone Consultancy Services Private Limited (Groffr)
Redstone Consultancy Services Private Limited is the primary company behind Groffr. The board of Redstone Consultancy Services Private Limited currently have 2 directors; the longest-serving is Vineet Subhash Wadhwa, appointed in 2015. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vineet Subhash Wadhwa DIN 02406235 | Managing Director | 10 Feb 2015 | 11 yrs 8 mo | Redstone Consultancy Services Private Limited |
| Mohit Subhash Wadhwa DIN 07022464 | Director | 10 Feb 2015 | 11 yrs 8 mo | Redstone Consultancy Services Private Limited |
People of Groffr
4 people are tracked at Groffr (4 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Sankalp Srivastava | Co-Founder | Leadership |
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Groffr
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Groffr
Figures of Redstone Consultancy Services Private Limited, the primary company behind Groffr, for FY 2024. Revenue was ₹51,180. Net loss was -₹2.6 Lakh (-499% margin). EBITDA was -₹88,054 (-172% margin). Revenue has grown at a compounded annual rate of -49% over three years and -22% over five years.
- ₹51,180Revenue · FY 2024
- -₹2.6 LakhNet loss · -499% margin
- -₹88,054EBITDA · -172% margin
- ₹2.2 LakhPaid-up capital
- -49%Revenue CAGR, 3 years
- -22%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Redstone Consultancy Services Private Limited are on its company page.
Detailed financial statements for Groffr
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Groffr
2 dated milestones of Groffr across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Groffr is founded.
- Funding First funding round of $1.0M.
Competitors of Groffr
Groffr has 2 listed competitors in our database, 2 of them funded. They include NoBroker and Square Yards.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| nobroker.in | 2013 | Bengaluru, India | $367.73M | 5,725 | Provider of a platform for property rentals, sales, and related services | |
| squareyards.com | 2014 | Gurugram, India | $97.98M | 7,343 | Technology platform for real estate transactions and mortgages is provided. |
Detailed competitors of Groffr
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.
Web traffic of Groffr
Websites that share an audience with Groffr (groffr.com).
Websites whose visitors overlap most with Groffr. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
nirrtigo.com | nirrtigo.com | 100% | – | ||
sarthakestates.com | sarthakestates.com | 90% | #7,048,132 | – | |
realestate.ivarta.com | realestate.ivarta.com | 87% | – | ||
| anandproperties.com | 85% | View details | |||
| buyproperty.com | 83% | View details | |||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 9 similar websites and full traffic analytics for Groffr
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 9 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Real Estate Technology Platforms
3 companies that operate in the same segment as Groffr (Real Estate Technology Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Online platform for buying, renting, and selling residential and commercial properties | 2012 | Gurugram, Haryana, India | USD 146.45 M | USD 25.52 M | 1,188 | |
A platform for residential property buying is facilitated by PropTiger. | 2011 | Gurugram, Haryana, India | USD 99 M |
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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. The company's 1st funding round was a Seed of $1M, raised on Jul 2011.
Groffr has 1 employees.
The primary company behind Groffr, Redstone Consultancy Services Private Limited, reported revenue of ₹51,180 for FY 2024.
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 Square Yards and NoBroker.
Groffr offers Group Deals Platform.
Groffr has 7 investors. Key investors include Telnet Ventures, Zarin Yar Khan, Hank Uberoi, Nitin Singhal, and Rajendra Pandhare.
Groffr operates through Redstone Consultancy Services Private Limited.
The legal entities of Groffr currently have 2 directors, including Vineet Subhash Wadhwa, Mohit Subhash Wadhwa.