The current round takes the overall funds raised by the company to $420 million.
Online grocery firm Grofers has raised over $200 million in a round led by existing investor SoftBank Vision Fund. The round also saw participation from a new investor - KTB - a South Korean investment firm. Other existing investors such as Tiger Global and Sequoia Capital also participated in the round.
"This latest investment will help scale the company to ensure many more customers can access the best quality products at the best prices," Albinder Dhindsa, co-founder and chief executive officer of Grofers said in a statement.
The company also plans to expand into new markets, continue to build its supply chain, warehousing infrastructure and private label product offerings.
Grofers last announced a $62 million fund raise, which was also led by SoftBank in March last year. The current round takes the overall funds raised by the company to $420 million.
The food and grocery market is one of the largest commerce categories in India, and is estimated to reach $869 billion in sales in 2023, a 70 percent increase from its 2018 forecast.
