Grocery etailer Grofers raises $220 million from investors led by SoftBank Vision Fund
Updated : May 15, 2019 05:18 PM IST
SoftBank’s move to further invest in Grofers also delayed the merger talks the grocery delivery service has had with its bigger rival, Alibaba-backed BigBasket.
Softbank's Vision Fund was set up in 2017 and is now the world's largest technology investment fund, with a portfolio that includes pioneer Uber Technologies Inc and chip designer ARM.
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