Grofers has raised $120 million in a Series C round of funding led by SoftBank, Russian entrepreneur Yuri Milner, with participation from existing investors Tiger Global and Sequoia Capital, reports national media.
This is the third round raised by the company this year alone, after earlier rounds of $10 million and $35 million. It brings the total to just under $166 million including an earlier seed round.
Grofers.com is currently live in 26 cities in India, with some 1.6 million downloads of the mobile apps that are used to order its services.
Funding History- Grofers
|Date||Amount / Round||Valuation||Investor|
|Nov, 2015||$120M / Series C||—|
|Apr, 2015||$35M / Series B||—||—|
|Feb, 2015||$10M / Series A||—|
|Dec, 2014||$500k / Seed||—||—|