Grofers lost ₹20 for every ₹1 made in revenue in 2016-17

Gurugram-based grocery delivery startup Grofers lost ₹20 for every ₹1 made in revenue in the financial year 2016-17, according to filings. The company's revenue stood at ₹13.2 crore while the losses were reported to be ₹268.3 crore for the same period. Also, total expenditure for 2016-17 was ₹302.2 crore, up from ₹239 crore registered in 2015-16.