Grover takes on more debt funding, this time to the tune of €270 million


However this shouldn’t come as a surprise, as the business, and its subsequent valuation has been built on borrowed money; at the end of November of last year, Grover dropped a $250 million loan from London-based Fasanara Capital on us, only to be superseded by a $1 billion debt and equity round earlier in July, both of which pointed to expansion in “new markets”.

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