As The Delivery Wars Heat Up, Grofers Snags $60M More For Groceries In India
1 March 2019 10:38 AM GMT
The Series F is reportedly ?the first tranche of a larger $120-$140 million funding round that the company is stitching together."
- Grofers, an India-based startup that delivers grocery staples, has raised $60 million from SoftBank Vision Fund, upping its valuation to $425 million, according to the Economic Times.
- The Series F is reportedly “the first tranche of a larger $120-$140 million funding round that the company is stitching together,” according to the Times.
- Its last raise was a $56.4 million Series E that gave the company a pre-money valuation of $238 million.
- The fresh funding comes at a time when India’s food delivery space is heating up.
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