The funding was led by SoftBank Vision Fund, valuing Grofers at $425m, and provided as part of a larger round expected to close at between $120m and $140m.
Telecommunications and internet group SoftBank’s Vision Fund has led a $60m batch of funding for India-based online grocer Grofers that valued it at $425m post-money, Paper.vc reported on Friday.
Vision Fund provided $37.5m while hedge fund manager Tiger Global Management invested $20m and venture capital firm Sequoia Capital $2m.
The funding will form part of a wider round that the company aims to close at between $120m and $140m, according to the Economic Times, which reported that Vision Fund expects…
