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…