Grofers, an India-based grocery e-commerce platform backed by telecommunications conglomerate SoftBank and financial services firm KBT, has raised a $10m series F extension from investment firm Abu Dhabi Capital Group (ADCG), according to Paper.vc.
ADCG contributed through its Capital Investment unit. The series F round previously reached more than $200m in May 2019 and was led by SoftBank’s Vision Fund.
KBT, Tiger Global Management and firm Sequoia Capital also took part in the May round, which valued Grofers at nearly $1bn.
Grofers operates an e-commerce platform that sells groceries, household goods, personal care and furniture to consumers in 13 cities across India.
The company will use the capital to expand into new markets, bolster its supply chain, expand its warehousing capacity and grow its product offerings.
In March 2018, Grofers raised $61.4m in a round led by SoftBank with participation from Tiger Global and private investor Yuri Milner. SoftBank had already led a $120m series C round in November 2015 ,with participation from Apoletto Managers, Tiger Global and Sequoia.
Tiger Global and Sequoia backed a $35m series B round in April 2015, after both had taken part in a $10m series A two months earlier. Sequoia initially invested $500,000 in seed capital in 2014.