Grofers plans expansion, raises $60 million from SoftBank Group

Grocery delivery player Grofers has managed to raise $60 million from the SoftBank Group, according to estimates from business intelligence platform Paper.vc. The company, which has been able to hold its own against players, including BigBasket, Amazon Now, would be using the money for major expansion. According to sources, the fund infusion is a part of the bigger round of close to $120 million.

Last year in March, it had raised $62 million in a round, led by SoftBank Group. The company, last year, utilised the funds for doubling its warehousing space as well as fresh hiring and increasing the number