FILE PHOTO: The brand of SoftBank Group Corp is displayed at SoftBank World 2017 convention in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photograph

BENGALURU (Reuters) – Japan’s SoftBank Group Corp has led an funding spherical of greater than $200 million in on-line grocery startup Grofers India via its Imaginative and prescient Fund, the New Delhi-based firm mentioned on Wednesday, upping competitors in a hotly chased market within the nation.

Grofers’ contemporary funding comes after homegrown rival Bigbasket, which is backed by China’s Alibaba Group, not too long ago raised $150 million to hit a valuation of over $1 billion. Each the startups compete with the likes…

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