New Delhi: Grofers co-founder Saurabh Kumar has decided to leave the company but will continue to remain a Board member and shareholder in the online grocery delivery platform, according to CEO Albinder Dhindsa.
The development comes at a time when the SoftBank-backed company is looking at launching an initial public offering (IPO). Dhindsa, in a tweet on Friday, said he spent the last 8 years building Grofers with Kumar and that "SK is moving on to other challenges".
"So, while SK will no longer be involved in day-to-day responsibilities at Grofers, he will continue to be a board member and a shareholder at the company. This is the end of an era for Grofers, and I know all of us will absolutely miss having him around every day," Dhindsa said in a blog post.
Kumar shared an e-mail he had written to employees announcing his exit. His next destination is not known. "After almost 8 years of building Grofers, I have decided to call it time on my current Grofers journey...I have been reflecting on my life and personal ambitions for some time. And my decision to step away is the outcome of that. I want to wander again," he said.
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Grofers has seen strong growth in business amid the pandemic as containment measures introduced millions to the convenience of online shopping, and prompted seasoned online shoppers to buy more, including everyday grocery items. Social distancing compulsions, massive smartphone base and reliable broadband have galvanised e-commerce uptake beyond metros, deep into smaller cities and towns.