India: Grofers in early talks to raise $120m in fresh capital

India: Grofers in early talks to raise $120m in fresh capital

Grofers currently delivers in 25 cities and gets about 30,000 orders in a day. Photo: Ramesh Pathania/Mint

Delhi-based hyper-local delivery start-up Grofers, run by Locodel Solutions Pvt. Ltd, is in early talks to raise $120 million in fresh capital largely from Japan’s SoftBank Corp. and Russian entrepreneur and venture capitalist Yuri Milner, according to two people aware of the development.

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