Fresh Food delivery startup Grofers.com had acqui-hired food delivery app Spoonjoy and logistics (B2B) startup Townrush for undisclosed amount.
What does Acqui-Hire means?
Acqui-hire refers to the buyout of a company primarily for the skills and expertise of its staff, rather than for its products or services.
Why Grofers.com acqui-hires Food Tech Startup SpoonJoy & Townrush ?
To expand its tech talent pool and have a footprint into logistics space which is the need of the hour