Grofers, a quick-delivery service for groceries and electronics, has raised $120 million (Rs. 800 crore) from Japan’s SoftBank Corp. DST Global and existing investors Tiger Global and Sequoia Capital also participated in the round..Shardul Amarchand Mangaldas acted for Grofers with a team led by Partner Puja Sondhi, along with Senior Associate Sumeet Singh, and Senior Associate Designate Vasundhara Garg..Morrison & Foerster and Cyril Amarchand Mangaldas acted for SoftBank Group..The Cyril Amarchand Mangaldas team was led by Mumbai-based Corporate Partners Ashwath Rau and Shishir Vayttaden..Themis Associates acted for Sequoia Capital. The team included Principal Associate Ashwani Verma and Senior Associate Dheeraj Khanna.Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP acted for Tiger Global, while DST Global was advised by its in-house team..The new round of fund-raising comes within a year of Grofers raising $35 million from existing investors Tiger Global Management and Sequoia Capital in its third round of funding in April. In the second round in February, both Tiger and Sequoia invested $10 million in the company, according to Mint.
Grofers, a quick-delivery service for groceries and electronics, has raised $120 million (Rs. 800 crore) from Japan’s SoftBank Corp. DST Global and existing investors Tiger Global and Sequoia Capital also participated in the round..Shardul Amarchand Mangaldas acted for Grofers with a team led by Partner Puja Sondhi, along with Senior Associate Sumeet Singh, and Senior Associate Designate Vasundhara Garg..Morrison & Foerster and Cyril Amarchand Mangaldas acted for SoftBank Group..The Cyril Amarchand Mangaldas team was led by Mumbai-based Corporate Partners Ashwath Rau and Shishir Vayttaden..Themis Associates acted for Sequoia Capital. The team included Principal Associate Ashwani Verma and Senior Associate Dheeraj Khanna.Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP acted for Tiger Global, while DST Global was advised by its in-house team..The new round of fund-raising comes within a year of Grofers raising $35 million from existing investors Tiger Global Management and Sequoia Capital in its third round of funding in April. In the second round in February, both Tiger and Sequoia invested $10 million in the company, according to Mint.