The SoftBank Vision Fund-backed company is working with an adviser, one of the people said, asking not to be named as the information is not public. The grocer is seeking a deal that would value the firm at about $1 billion, another person said. Deliberations are at an early stage and the company could decide not to proceed with the plan, the people said. Grofers sells grocery and daily household products from cooking oil to Indian spices to shoppers in more than 27 Indian cities, according to its website. Its eight in-house brands make up the majority of the products it sells to the roughly three million people who have downloaded its app.

Source: Mint February 11, 2021 11:26 UTC