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GROFERS
SoftBank snags Rs 2,873 crore from Lenskart stake sale, clocking 7x returnSVF II Lightbulb Cayman, a SoftBank affiliate, sold 5.65 crore shares, or 3.25%, in Lenskart for Rs 2,873 crore through a block deal on Wed...- SoftBank logs $600 million paper loss on India-listed portfolio in March quarterSoftBank's Indian investments faced a significant downturn in the January-March quarter. Several prominent companies like Swiggy and Ola El...
- Pocket FM elevates Lalit Gangwar as COO to lead global operationsIn his new role, Lalit Gangwar will lead the company’s audio vertical as it expands internationally and oversee business operations and mon...
- Buildit: Eternal CEO Albinder Dhindsa turns author, pens book on Blinkit’s journeyAlbinder Dhindsa, Eternal CEO and Blinkit cofounder, is launching his book Buildit, announced book publisher HarperCollins. The book, price...
- Zomato places an order for Grofers at $750 million valuationJapanese conglomerate SoftBank Vision Fund, the largest shareholder in Grofers, may look to invest around $100-200 million in the merged en...
- Grofers rebrands as Blinkit to underscore quick commerce focusGrofers has rebranded as Blinkit to indicate its focus on the fast-growing quick commerce space in India. The company now claims to be proc...
- Competition Commission approves Zomato buying 9.3 pc stake in Grofers IndiaZomato, last month, said it has invested USD 100 million (around Rs 745 crore) for acquiring a minority stake in Grofers as the company loo...
- CCI approves Zomato’s $100-million investment in GrofersCompetition Commission of India has approved the “proposed acquisition by Zomato of approximately 9.3% stake in Grofers India and [Hands on...
- Grofers to turn unicorn with Zomato fundsTiger Global, investor in both Zomato and Grofers, will also participate in the $120 million funding round. The companies had explored a po...
- Scoop: Grofers in talks with Cantor Fitzgerald's SPAC for Nasdaq listingSoftBank Vision Fund-backed Grofers is expected to raise between $400 million and $500 million through the Nasdaq listing in May at a valua...
- SoftBank-backed Grofers weighs listing via US SPAC dealGrofers is weighing a plan to go public in the US through a merger with a special purpose acquisition company (SPAC) at a valuation of $1 b...
- Paytm Mall in talks for Grofers stake as SoftBank pushes for consolidationOnline retailer Paytm Mall has held talks with e-grocer Grofers for a potential investment, multiple people in the know told ET, adding tha...
- Grofers put offline sales, beauty biz employees on furlough due to lockdown lossesA Grofers spokesperson told ET 70 team members of its ancillary business dealing with non-essential categories were affected.
- Abu Dhabi Capital Group backs GrofersGrofers is expected to be valued at around $700 million after this fund-raise.
- Grofers converting grocery shops into its brand storesThis is Grofers’ second stint in brick-&-mortar format; in 2017, it opened tuck shops at Oyo properties.
- SoftBank, Tiger back Grofers with Rs 400 croreGrofers confirmed the development to TOI and said it had turned profitable in Delhi on a per-order basis, after having gone through a tough...
- Grofers eyes SoftBank, Tencent big bucks after turnaroundWhile the discussions with Tencent are early, SoftBank is likely to bulk up its shareholding in Grofers, valuing the company at 20-30% lowe...
- Grofers gets DIPP approval for online trading of food productsGrofers was the first company to seek in August last year approval under the new policy notified by the Department of Industrial Policy and...
- After Rs 800 crore funding round led by SoftBank, Grofers now valued at Rs 2,664 croreGrofers’ latest fundraise, its third this year, marks an over three-fold increase in the company’s valuation in about four months.
- Eyeing less taxing space, Online grocery delivery company Grofers shifts base to SingaporeThe restructuring at Grofers is expected to facilitate faster fund-raising as its institutional investors are based overseas.
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