SoftBank led the series C round, increasing the funding raised by the last-mile delivery startup, now valued at $300m, to $165m this year.
India-based last-mile delivery service provider Grofers has raised $120m in a series C round led by telecommunications and internet group SoftBank, Times of India reported today.
The round, the third to be closed by Grofers in 2015, also included hedge fund Tiger Global Management, venture capital firm Sequoia Capital and Apoletto Managers, a fund managed by partners of VC firm DST Global.
Grofers provides an app that customers can use to order products from local stores, which the company then…
