The crisis and a locked room
Hari Menon recalls the exact moment the grocery game changed in India.
“When Grofers got announced with investments from SoftBank and Tiger Global. The two investors who, when they [invest in a company], literally [no other investor matters], right?” he says, adding, “And here we were, doing reasonably well, achieved our early goals, got our convenience factor right, blah blah blah. It was a huge amount of money.” Menon is the co-founder and CEO of India’s leading online grocer, BigBasket.
The time period Menon is referring to is 2015.