India: Grofers in talks to raise up to $65m at 40% lower valuation

India: Grofers in talks to raise up to $65m at 40% lower valuation

Photo: Ramesh Pathania/Mint

Online grocery start-up Grofers is in talks to raise $60-65 million from existing investors in a funding round that could see the valuation of the Gurugram-based start-up drop by over 40%, two people close to the development said.

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