SoftBank and Tiger Global are likely to participate in the funding round but early investor Sequoia Capital may not. :
Bengaluru: Online grocery start-up Grofers is in talks to raise $60-65 million from existing investors in a funding round that could see the valuation of the Gurugram-based start-up drop by over 40%, two people close to the development said. The round is being led by existing investor Japan’s Softbank Group with participation from Tiger Global Management, the people cited above said.