Venture Capital
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.

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