Bangalore-based Grohood StartUp raises undisclosed amount from IAN

Entrepreneur World
3 Min Read

Grohood, a Neighborhood community buying platform, raised an undisclosed quantum in itspre-seed round from Indian Angel Network( IAN). The company will use the capital to make its platoon and enhance its technological capabilities within the force chain.

The sociale-commerce platform wants to capture a 1 request Share in India for fresh perishables in reopened apartments which amount to INR2.73 billion. innovated in May 2019, Grohood’s thing is to enable suppliers to give just- gathered/ produced fresh perishable particulars to 300 million civic families daily at a genuine price with bulk buying advantages without any storehouse.
With 3 patents and a unique force chain result, Grohood is enabling Zero Packaging, Zero Wastage and Zero Warehouse in delivering fresh perishables to consumers. A concoction of Prince Jose and Prem Chand, Grohood drew its alleviation when one of its founding members started getting fresh vegetables, fruits, and other produce particulars at a genuine price from one of his neighbours.

Presently serving further than 14 domestic societies in Bangalore, Grohood has an expansion plan within Bangalore and further in Tier 1 metropolises like Mumbai.
Grohood is a tech incipiency that provides a community buying platform for guests and suppliers, substantially for perishable particulars. The platform uses a unique personal result fornon-impulsive buyers.

Speaking about the backing, Prem Chand,co-founder of Grohood, said, “ At Grohood, we’re passionate about enabling suppliers to give just- gathered/ produced fresh, substantially perishable particulars to 300 million civic families daily at a genuine price with bulk buying advantages without any storehouse. Current fund application would be to launch Grohood platform service for the entire Bangalore and make clones ready for another Tier1 megacity. ”
“ Bringing the native fresh, just- gathered perishable particulars to your community volley point at a locally competitive price is a promising business model. As an arisinge-commerce model, community group buying improves the logrolling power of consumers. We’re pleased to back a incipiency which is working on the sustainable model and may help in minimizing the impact of the business operations on the terrain ”, Padmaja Ruparel,co-founder, IAN, said.

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