Synopsis
Grofers is weighing a plan to go public in the US through a merger with a special purpose acquisition company (SPAC) at a valuation of $1 billion.
Grofers, an Indian online grocer, is weighing a plan to go public in the US through a merger with a special purpose acquisition company (SPAC), 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.