SoftBank, others may pump $55-$60 million into Grofers to help fight bigger rivals

Grofers is in the final stages of raising $55-$60 million from its largest investor, SoftBank Vision Fund, as well as other existing backers, two people in the know of the matter told ET.

The latest funding round comes at a time of heightened activity in the e-grocery space, with market leader BigBasket currently in talks to divest a majority stake to the Tata Group, as ET reported on October 28.