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GROFERS VALUATION
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...- 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...
- Zomato gains 3% on report of $500 million investment in GrofersZomato’s share price rose to a high of Rs 161.85 on the National Stock Exchange as against the previous close of Rs 156.55.
- 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...
- Of ShareChat's valuation & Grofers' express rushFrom ShareChat's new fundraising to Grofers joining the express delivery rush and Flipkart moving to SC challenging Karnataka HC order, her...
- 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...
- ETtech Exclusive: Zomato may invest $100 million in Grofers as e-grocer shelves US IPO planZomato's investment is likely part of a larger financing round and may value the Gurugram-based online grocery firm at around $1 billion
- 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...
- 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.
- 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-...
- Valuation doesn't matter if focus is on building the business every day: Albinder Dhindsa, Grofers"I believe valuation and capital raising are not the defining moments for a company, but the building of business every day is."
- Grofers sees 5x jump in sales, starts financial year in a good noteThe firm claims to have started the new financial year on a positive note by clocking Rs 7.8 crore in sales on day one of the new financial...
- 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 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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