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Grofers raises $62 million from SoftBank, others 

The fund will be utilised by Grofers to further ramp up its private label products and enhance supply chain

March 16, 2018 / 01:07 PM IST

Online grocery delivery firm Grofers on Friday announced a fund raise of USD 62 million in a round led by the existing investor SoftBank Group.

Other investors such as Tiger Global and Apoletto Asia also participated in the funding round.

The funding takes the total funds raised by the company to USD 226.5 million.

The fund will be utilised by Grofers to further ramp up its private label products and enhance supply chain. A significant amount of investment will go towards building infrastructure and technology and efficient supply chain management to achieve deeper penetration in existing Grofers cities.