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grofers listing: Scoop: Grofers in talks with Cantor Fitzgerald's SPAC for Nasdaq listing


Synopsis
SoftBank Vision Fund-backed Grofers is expected to raise between $400 million and $500 million through the Nasdaq listing in May at a valuation of more than $1 billion.
ETtech
(Illustration: Rahul Awasthi/ETtech)
Mumbai:Grofers is in talks to make its public market debut through a merger with New York-based Cantor Fitzgerald’s blank-check firm, sources told The Economic Times, in what could be the first instance of an Indian startup taking this lesser-known route to tap funds.
The online grocer is expected to raise between $400 million and $500 million through the listing in May on the tech-heavy Nasdaq at a valuation of more than $1 billion, the sources said. ....

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