Grofers reportedly mulling a merger with US-based Cantor Fitzgerald’s SPAC for Nasdaq listing


Currently, the company is present in 38 cities and has partnered with 12,000 offline stores to fulfill customer orders.
SoftBank-backed e-grocer Grofers may become the first Indian startup to go public through a merger with a special purpose acquisition company (SPAC).
The Gurugram-headquartered startup is in talks with American financial services Cantor Fitzgerald’s SPAC to list on Nasdaq in May, a report by local media Economic Times (ET) said, citing sources. Grofers is expecting to raise between USD 400 million and USD 500 million at a valuation of more than USD 1