Categories
India Journalism Tech

SoftBank Doubles Down on Indian Grocery Venture

softbank_grofers

That’s the headline on my newest story, an exclusive out yesterday. It begins:

NEW DELHI–SoftBank Group Corp. is doubling down on its bet on an Indian grocery-delivery startup, in the global investor’s latest foray in the world’s largest untapped tech market.

Grofers India Pvt. said Wednesday that it received just over $200 million in a funding round led by the Vision Fund, which SoftBank Chief Executive Masayoshi Son is using to invest in cutting-edge technologies. Tiger Global Management and Sequoia Capital, two other prominent tech investors, also participated in the round, said Grofers, which is based in Gurgaon, India.

Click through to read the rest.

Leave a Reply

Your email address will not be published. Required fields are marked *