Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience.
Access here alternative investment news about Softbank-led Investment Values India's Grofers At $770M - Nikkei Asian Review
Venture Capital

Softbank-led Investment Values India's Grofers At $770M - Nikkei Asian Review

by asia.nikkei.com posted 2months ago 40 views
TOKYO/MUMBAI -- SoftBank Vision Fund led a $220 million investment in Indian online grocery company Grofers, in a sign of its growing ambitions in India. The funding round raised the Gurgaon-based company’s valuation to $770 million, according to a person familiar with the matter. With the investment, SoftBank will now hold a stake of over 40% in the startup, the person said. SoftBank Group invested around $60 million in Grofers last year and later sold its stake to the Vision Fund.

In this article