Indian online grocery startup Grofers has secured $10 million in financing from Abu Dhabi Capital Group (ADGC). ADCG has subscribed to 1.91 lakh Series F shares of Grofers in exchange for the investment. The funding will help Grofers fend off intense competition from other biggies in the space including BigBasket, Amazon and Walmart-owned Flipkart. In the hyperlocal delivery space, it competes with the likes of Swiggy and Dunzo.

(Dealstreet Asia)