Grofers raises $200mn led by SoftBank, nears $1bn valuation

Gurugram-based online grocery startup Grofers has closed an over $200 million (over ₹1,400 crore) Series F funding round led by SoftBank Vision Fund (SVF) at a valuation of almost $1 billion, Bloomberg revealed. Investors including Tiger Global, Sequoia Capital and KTB also participated in the round. Grofers was founded in 2013 by Albinder Dhindsa and Saurabh Kumar.