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Grofers to raise over $55 Mn from largest investor SoftBank

Shortpedia

Content Team
Image Credit: Shortpedia

Online grocery store Grofers is reportedly in the final stages of raising $55 to $60 Mn from its largest investor, the SoftBank Vision Fund (SVF) and other existing investors. The Japanese multinational conglomerate is the largest investor in the Gurugram-headquartered company with around 46% shareholding. In the latest round, Grofers’ existing investors Tiger Global Management and KTB Ventures could also invest $30 Mn