Scoop: Grofers in talks with Cantor Fitzgerald’s SPAC for Nasdaq listing

Mumbai: Grofers is in talks to make its public market debut through a merger with New York-based Cantor Fitzgerald’s blank-check firm, sources told The Economic Times, in what could be the first instance of an Indian startup taking this lesser-known route to tap funds.

The online grocer is expected to raise between $400 million and $500 million through the listing in May—on the tech-heavy Nasdaq—at a valuation of more than $1 billion, the sources said.