Business

SoftBank leads funding of over US$200mil in online grocer

New venture: A man walks in front of an advertisement of Softbank in Tokyo. SoftBank’s Vision Fund is leading an investment round in Indian online grocery startup Grofers. — AP

BANGALORE: Masayoshi Son isn’t losing his appetite for backing money-losing startups.

Son’s SoftBank Vision Fund is leading an investment round of more than US$200mil in Grofers, the Indian online grocery startup said in a statement.

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