Grofers raises â¹400 cr from SoftBank at 20% lower valuation
Gurugram-based grocery delivery startup Grofers has raised â¹400 crore in a funding round led by Japanese conglomerate SoftBank. The round, which saw participation from investors including Tiger Global, has reportedly pitched the startup at a 20% lower value to $300 million. With the round, SoftBank's shareholding in the startup has risen to as much as 35-40%.