Grofers raises Rs 400 crore in SoftBank-led funding
The Gurgaon-headquartered company has now cumulatively raised $226.5 million with this latest Series E funding round, a press release from the company said.
Online grocery delivery company Grofers has raised Rs 400 crore in a fresh funding round led by SoftBank Group, which also saw participation from Tiger Global and Apoletto Asia.
The Gurgaon-headquartered company has now cumulatively raised $226.5 million with this latest Series E funding round, a press release from the company said. According to Grofers, it will continue to invest in building private labels and supply chain improvements. A significant amount of investment will go towards building infra and tech and efficient supply chain management to achieve deeper penetration in the cities where it has its presence.
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