Industrial applications of reduced graphene oxide (rGO) demand simple, cost-effective, eco-friendly and scalable synthesis methods. Besides, some applications desire rGO with specific functional groups. Therefore, we employed a simple one-step hydrothermal method to produce carbonyl functional group rich partially reduced graphene oxide using glucose as a sole precursor. We characterized the sample by XRD, XPS, FTIR, UV-Vis, Raman, SEM and DLS techniques. The characterization confirmed the formation of peripheral carbonyl-rich partially reduced graphene oxide. The sample contains 2-3 layers and has moderate zeta potential. We also proposed a plausible reaction mechanism to provide insight into the structural evolution. The reaction involved 2 sub-stages: (1) conversion of glucose into carbonyl-rich graphene oxide through successive chemical modifications, (2) partial reduction of formed graphene oxide by remaining unreacted glucose. Here, glucose acted as both precursor as well as reducing agent. As glucose is the sole material in the process and the reaction is carried out at a moderate temperature, the method is eco-friendly and cost-effective. The carbonyl functional groups present in the sample enable further functionalization and also provide good dispersibility in water which makes them useful in biomedical and water treatment related applications.