Grofers secures USD200 million funding from SoftBank Vision Fund

Source: dealstreetasia, Thursday, May 16, 2019

SoftBank Vision Fund is leading an investment round of more than USD200 million in Grofers, the Indian online grocery start-up. Tiger Global and Sequoia Capital and new investor KTB joined SoftBank in the deal, which pushes the company’s valuation to almost USD1 billion even as it competes against powerful rivals: Walmart-owned Flipkart, Amazon and Alibaba- backed BigBasket.