Grocery delivery startup, Grofers has raised around $60 mn in fresh capital from Softbank Vision Fund (SVF), the first tranche of a larger $120-140 million funding round that the company is stitching together. The investment from SVF in Grofers was preceded by a $1.8 mn infusion from Sequoia Capital and $19 mn which came from Tiger Global as part of the same Series F round. Both are existing investors in Grofers.
Grofers raises fresh funds from existing investors, valuation hits $425 mn
Date posted: Friday 1 March 2019