SoftBank leads $200 million funding in Grofers

Online grocery retailer Grofers on Wednesday said it has raised over $200 million (over Rs 1,400 crore) in funding, led by SoftBank Vision Fund.

The series F funding saw participation from new investor, KTB, and existing investors, Tiger Global Management and Sequoia Capital.

This represents the largest primary financing round in the online grocery sector in India, Grofers said in a statement.

“With the additional funding, Grofers will seek to expand into new markets, bringing its services closer to hundreds of millions of Indian consumers,” it added.