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.
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