SoftBank leads $62 mn funding round in Grofers at lower valuation

Gurgaon-based online grocery startup Grofers India Pvt Ltd has raised Rs 400 crore (around $62 million) led by existing investor SoftBank, according to a media report on Friday. The Times of India reported that existing investor US-based Tiger Global and Russian billionaire Yuri Milner also participated in the round. The investment saw Grofers’ valuation fall by 20% to $300 million…

Read More

Grofers likely to raise $65 million; Sequoia Capital may not participate in funding round

Gurugram-based online grocery startup Grofers is in talks to raise around USD 60-65 million from its existing investors in a funding round, sources told Mint. The valuation of the online grocery store may drop by over 40 percent,they added. The funding round is being led by existing investor SoftBank with participation from Tiger Global Management participating. Sequoia Capital, however, may…

Read More

Footer

eustan ventures

a unique platform and network of business geeks, who are committed to support the fresh ideas, innovations and existing setups for next level of growth globally.

quick link

Past Events

contact

  • New Delhi, India
  • eustan ventures pvt ltd

  • 4th floor, statesman house building, barakhamba road, connaught place, new delhi -110001

  • +91-11-3044 6469

  • info@eustan.com
  • Singapore
  • eustan ventures pte ltd
  •  
  • Level 39, Marina Bay Financial Centre Tower 2,10 Marina Boulevard Singapore 018983
  •  
  • +65 6818 5754
  •  
  • info@eustan.com

newsletter

Don’t miss to subscribe to our news feeds, kindly fill the form below.

follow us on twitter

like us on facebook

Eustan Ventures
 

privacy policy