Grofers raises Rs 400 crore in SoftBank-led funding

The Indian Express, By: ENS Economic Bureau | Bengaluru | March 17, 2018 

Online grocery delivery company Grofers has raised Rs 400 crore in a fresh funding round led by SoftBank Group, which also saw participation from Tiger Global and Apoletto Asia.
The Gurgaon-headquartered company has now cumulatively raised $226.5 million with this latest Series E funding round, a press release from the company said. According to Grofers, it will continue to invest in building private labels and supply chain improvements. A significant amount of investment will go towards building infra and tech and efficient supply chain management to achieve deeper penetration in the cities where it has its presence.

With FE inputs

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