New Delhi : Online grocery firm Grofers said it has received government nod for retailing food products in India and will invest USD 40 million to expand operations in the country. Grofers was the first company to seek in August last year approval under the new policy notified by the Department of Industrial Policy and Promotion (DIPP), it said.

“Going a step beyond our initial commitment to the government, we intend to bring in an additional capital of USD 40 million within the next few weeks to expand our business further and grow the market,” Grofers founder Albinder Dhindsa said in a statement.

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