SoftBank Vision Fund has led a $200m funding round for Grofers that more than doubled the online grocer's valuation to $1bn.
India-based online grocer Grofers has secured more than $200m in series F funding from investors led by telecommunications conglomerate SoftBank’s Vision Fund, Bloomberg reported today.
Financial services firm KBT also contributed to the round, as did investment firm Tiger Global Management and venture capital firm Sequoia Capital.
The company reached an initial $60m close of the round in March 2019, when its target size was reportedly between $120m to $150m. Grofers is now valued at almost $1bn, up from…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
