SoftBank $120 million investment in Grofers International

Overview:

• Grofers International, has raised $120 million from a group of investors led by SoftBank.
• Grofers is an express delivery online marketplace application in India that delivers produce from local suppliers.
• Apoletto Managers, Tiger Global Management and Sequoia Capital were among the other investors.
• The deal is one of a number of India investments made recently by SoftBank including those of Ola, SnapDeal and Oyo Rooms.

Katrin Kostadinova - Data analyst