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Grofers raises Rs 400 cr from SoftBank Group

  •   Fri, Mar 16 2018 02:57:40 PM

New Delhi, Mar 16 (IANS): Online supermarket platform Grofers on Friday said it has raised Rs 400 crore in a fresh funding round led by Japanese conglomerate SoftBank Group.

A significant amount of investment will go towards building infrastructure and technology and efficient supply of chain management to achieve deeper penetration in existing Grofers cities, it said.

The e-grocery company said it has raised a total of $226.5 million in the funding round which also saw other investors, including Tiger Global and Apoletto Asia.
  

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Title: Grofers raises Rs 400 cr from SoftBank Group



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