Online grocery startup Grofers lands $200M led by SoftBank’s Vision Fund

Hot on the heels of Indian delivery startup BigBasket raising $150 million — at a unicorn valuation, no less — so its close rival Grofers has also pulled in capital after it announced a $200 million raise to battle its local competition and international giants Amazon and Walmart.

The round is the largest in India’s online grocery sector to date, and it was led by SoftBank’s Vision Fund, which continues to make major bets on the nation’s growing internet economy. KTB, and existing investors Tiger Global and Sequoia Capital also took part.

Five-year-old Grofers works with more than 5,000 stores in 13 cities in India. In an interview with TechCrunch, Albinder Dhindsa, cofounder and CEO of Grofers, said the startup will use the fresh capital to…

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