Grofers raises $10 Mn from Abu Dhabi Capital Group in Fresh Round

Gurgaon based online grocery startup Grofers has received $10 Mn from Abu Dhabi Capital Group (ADCG), according to latest regulatory filings sourced by Paper.vc. The latest capital infusion is part of the ongoing funding round that helped Grofers raise $200 Mn from Softbank & South Korean investment firm KTB in May. Online grocery startup Grofers secures…

ByGirish ShettiJuly 16, 20190Comments

Funding News

Back from the Brink, Grofers get another Funding Respite

The embattled online grocery startup Grofers is firmly back in the funding game. After raising $62 million from SoftBank in March last year, it has now raised $60 million from Japanese investment giant and other existing investors in series F round. SoftBank poured $37.49 Mn while existing investors Tiger Global and Sequoia Capital pumped $19.99…

ByGirish ShettiMarch 1, 20190Comments

News

SoftBank Leads Fresh Funding for Embattled Grocery Startup Grofers

SoftBank leads fresh funding for Grofers. Embattled online grocery startup Grofers has raised Rs 400 crore (approximately $62 million) in a fresh round of funding that was led by Japanese investment giant SoftBank. Apart from SoftBank (an existing investor), another existing investor Tiger Global and a new investor Yuri Milner (Russian billionaire) also participated in the…

ByGirish ShettiMarch 16, 20180Comments

News

Grocery Startup Grofers Plans to Raise $65 Mn at Lower Valuation: Report

Grofers is in discussion to raise nearly $60-65 Mn. Online grocery delivery startup Grofers is in discussion to raise nearly $60-65 Mn capital from some of its existing investors. However, these funds will be reportedly raised at almost 40% drop in current valuation of the company. According to business publication LiveMint, two sources familiar with the matter…

ByGirish ShettiFebruary 21, 20180Comments

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