Grofers raises $60 mn at $425 mn valuation from SoftBank

Gurugram-based grocery delivery startup Grofers has raised $60 million (around ₹425 crore) in a Series F round of funding from SoftBank Vision Fund, at an estimated post-money valuation of $425 million. It is reportedly the first tranche of a larger $120-140 million funding round. Grofers was founded in 2013 by Albinder Dhindsa and Saurabh Kumar.