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Softbank Vision Fund leads investment rounds for Grofers, GetYourGuide

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Softbank Vision Fund leads investment rounds for Grofers, GetYourGuide

SoftBank Vision Fund LP led a US$484 million series E round for GetYourGuide Deutschland GmbH.

As part of the transaction, SoftBank Investment Advisers (UK) Ltd. partner Ted Fike will join the Berlin-based travel booking platform's board. Round participants included Temasek Holdings (Pte.) Ltd., Lakestar Advisors GmbH, Korelya Capital and Heartcore Capital, as well as current investor Swisscanto Holding AG.

Additionally, the investment vehicle of SoftBank Group Corp. led a more than US$200 million financing round for New Delhi-based online grocery startup Grofers India Pvt. Ltd., Reuters reported, citing a company statement.

JP Morgan acted as placement agent for GetYourGuide, with Latham & Watkins and Walder Wyss serving as its advisers.