The funding was led by SoftBank Vision Fund, valuing Grofers at $425m, and provided as part of a larger round expected to close at between $120m and $140m.

Telecommunications and internet group SoftBank’s Vision Fund has led a $60m batch of funding for India-based online grocer Grofers that valued it at $425m post-money, reported on Friday. Vision Fund provided $37.5m while hedge fund manager Tiger Global Management invested $20m and venture capital firm Sequoia Capital $2m. The funding will form part of…

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