Which among the following company on March 16, 2018 raised ₹.400 crore in a fresh funding round led by the Japanese conglomerate SoftBank Group?
Flipkart
Paytm
Ola
Grofers
Snapdeal
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Flipkart is the required answer
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Answer:
Grofers raised ₹.400 crore in a fresh funding round led by the Japanese conglomerate SoftBank Group on March 16, 2018.
Explanation:
Online grocery company Grofers has raised ₹.400 crore in a clean funding round led through the japanese conglomerate SoftBank organization and different investors which includes Tiger global and Apoletto Asia.
The budget could be used to construct private labels and enhance supply chain control. With higher technology and infrastructure at disposal, the e-commerce companies plans to make deeper inroads into the present markets.
Albinder Dhindsa, Co-Founder and CEO claimed the existing monthly income of the online grocer is in extra of Rs. 100 crores.
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