Here’s why Zomato is reportedly cutting a $300 million cheque for Grofers
Sanchita DashMay 7, 2021, 10:08 IST
BCCL
Grofers, a company it was once planning to acquire.
Zomato had recently announced its $1.1 billion initial public offering plan, in which it had mentioned that it has kept the door open for future investments.
However, the $5.4 billion company is not a new player in the grocery segment.IPO-bound foodtech unicorn Zomato had a short-lived stint in grocery retail in 2020, but it looks like the Deepinder Goyal-led startup still has one eye on the sector. According to an
ET report, Zomato is in talks to invest $300 million in grocery delivery startup Grofers, a company it was once planning to