Japan’s SoftBank Group led an investment round of more than $200 million in New Delhi-based online grocery startup Grofers India through its Vision Fund. The series F funding saw participation from new investor, KTB of South Korea, and existing investors Tiger Global Management of New York and Sequoia Capital of Menlo Park, California. This represents the largest primary financing round in the online grocery sector in India.
Grofers — which competes with BigBasket as well as grocery verticals of e-commerce majors such as Flipkart, in which Walmart acquired a 77% controlling stake last year, and Amazon.in — will continue to build out its supply chain, warehousing infrastructure, and private label product offerings. The company will consolidate its presence in the cities that it operates in, and will focus on doubling its sales to $800 million (Rs 5,000 crore) by 2020. It is also planning to launch an initial public offer within the next three years.
Last updated: December 26th, 2025
