Grofers has rebranded as Blinkit to indicate its focus on the fast-growing quick commerce space in India. The company now claims to be proc...

If 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...

Tiger Global, investor in both Zomato and Grofers, will also participate in the $120 million funding round. The companies had explored a po...

SoftBank Vision Fund-backed Grofers is expected to raise between $400 million and $500 million through the Nasdaq listing in May at a valua...

Valuation to remain flat as competition heats up in grocery e-tailing sector

The funding comes at a time when the company’s sales and margins have doubled, compared to the same period last year.

Grofers is expected to be valued at around $700 million after this fund-raise.

The investment comes at a time when competition in the the online grocery delivery space is heating up, with well capitalised firms such as...

SoftBank’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-...

Grofers confirmed the development to TOI and said it had turned profitable in Delhi on a per-order basis, after having gone through a tough...

While the discussions with Tencent are early, SoftBank is likely to bulk up its shareholding in Grofers, valuing the company at 20-30% lowe...

Sources 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 executive Albinder Dhindsa confirmed the move, but declined to share further details.

Grofers’ latest fundraise, its third this year, marks an over three-fold increase in the company’s valuation in about four months.

If 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...

The restructuring at Grofers is expected to facilitate faster fund-raising as its institutional investors are based overseas.

The deal would give Grofers' valuation a three times jump since it announced its previous round in February this year, which valued it at R...