Grofers in talks to get $65mn at 40% less valuation: Reports
Gurugram-based grocery delivery startup Grofers is in talks to raise up to $65 million in a funding round that can see its valuation drop by over 40%, according to reports. The round is expected to be led by Japanese conglomerate SoftBank and see participation from Tiger Global Management. Founded in 2013, Grofers has raised over $180 million to date.