Grofers co-founder Saurabh Kumar exits firm amid Zomato funding talks

This major development comes at a time when the restaurant aggregator Zomato is in talks to invest around US$100 million in Grofers after a merger didn’t happen due to the COVID-19 pandemic.

Grofers co-founder Saurabh Kumar has decided to take a step back from his role at the online delivery grocery firm, Albinder Dhindsa, CEO of online grocery platform announced in a statement. As part of the management change, Kumar will not participate in the everyday operations at Grofers but continue to be a board member and a shareholder at the company. In a blog post, Dhindsa said, “This is the end of an era for Grofers, and I know all of us will absolutely miss having him around every day. I wish him the absolute best with his new mission and will be cheering for him with love and pride.”