SoftBank-backed Grofers plans to go public in US through SPAC deal

Seeking a deal that would value the online grocer at $1 bn

Grofers, an 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.
 
Deliberations are at an early stage and the company could decide not to proceed with the plan, the people said. A representative for Grofers