SoftBank may lead $150 million funding in Grofers
SoftBank's $100-billion Vision Fund may lead a funding round of around $150 million in Gurugram-based online grocery startup Grofers, with participation from German retail group Metro AG. Reports suggested that the funding could be raised at a pre-money valuation of $500 million. Founded in 2013, Grofers counts Tiger Global, Russian billionaire Yuri Milner, and Sequoia Capital as its investors.