The SoftBank-backed grocery delivery service has received $16.7m from KTB Network to push its overall funding past $650m.
Grofers, the India-based online grocery retailer that counts internet and telecommunications group SoftBank as its largest corporate investor, has raised $16.7m from venture capital firm KTB Ventures, Entrackr has reported.
KTB Ventures bought nearly 250,000 series G preference shares in the round, according to Entrackr, which cited a regulatory filing.
Grofers’ platform allows users to order groceries and other household items for delivery across India. It secured $120m from restaurant review and food delivery service Zomato and Tiger Global…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
