SoftBank leads $62m round in Indian online grocer Grofers: Report

Visual from www.groupon.co.in

Online grocer Grofers is raising a Rs 400-crore ($62 million) funding round led by existing investor SoftBank, which is looking to increase its shareholding to 35-40 per cent in the Indian company, according to a Times of India report.

The Japanese investment giant put in around $40 million in the round.

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