Deals
SoftBank-Backed Grofers Weighs Listing Via U.S. SPAC Deal
- Online grocer is working with an adviser on the plan
- Firm seeking a valuation of about $1 billion through the deal
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Grofers, an Indian online grocer, is weighing a plan to go public in the U.S. through a merger with a special purpose acquisition company, people familiar with the matter said.
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.