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GROFERS FUNDING
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...
- 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...
- Zomato may invest $500 million in Grofers to push its quick commerce playIf the deal goes through it will be the largest investment for the food delivery platform. The new round, likely to value Grofers at $1.5 b...
- 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, others may pump $55-$60 million into Grofers to help fight bigger rivalsValuation to remain flat as competition heats up in grocery e-tailing sector
- Grofers is in talks to raise $60-70 millionThe funding comes at a time when the company’s sales and margins have doubled, compared to the same period last year.
- Abu Dhabi Capital Group backs GrofersGrofers is expected to be valued at around $700 million after this fund-raise.
- SoftBank Vision delivers $60 million to GrofersThe investment comes at a time when competition in the the online grocery delivery space is heating up, with well capitalised firms such as...
- SoftBank may deliver fresh funds to GrofersSoftBank’s move to further invest in Grofers also puts on hold the on-again, off-again merger talks it has held with bigger rival, Alibaba-...
- 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...
- Online grocery delivery players BigBasket, Grofers explore mergerSources in the know said talks between the two parties, which started in November last year, will be brought up during BigBasket's board me...
- Grofers Chief Technology Officer Varun Khurana calls it quitsGrofers chief executive Albinder Dhindsa confirmed the move, but declined to share further details.
- 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.
- Grofers in talks to raise Rs 650 crore; SoftBank may lead latest funding roundIf the deal fructifies, it will mark an over ten-fold increase in valuation and the third round of funding this year for the Gurgaonbased s...
- 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.
- Grofers raises another $35 million, valuation triples in less than 2 monthsThe deal would give Grofers' valuation a three times jump since it announced its previous round in February this year, which valued it at R...
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