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

Funding News

Grofers is back in the Funding Game as SoftBank May lead Fresh Funding

It seems Gurgaon based Grofers ongoing resurgence is heading toward its next phase. The reason for my buoyancy over the online grocery startup is because reports have started doing rounds that its largest investor SoftBank is willing to lead another round of funding. The round may also see participation of other investors. The latest rumors about…

ByGirish ShettiOctober 29, 20180Comments

BigBasket and Grofers are reportedly in the initial stage of merger talks

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Are BigBasket and Grofers heading for a Grand Merger?

If grapevines are to be believed then India’s two biggest grocery startups – BigBasket and Grofers – are in the initial stage of a possible merger talks. The merger talks have been pushed by their respective investors – Alibaba Group Holding (investor in BigBasket) and SoftBank Group Corp (investor in Grofers). Logically, …

ByGirish ShettiSeptember 17, 20180Comments

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

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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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