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GROFERS ACQUISITION
Buildit: Eternal CEO Albinder Dhindsa turns author, pens book on Blinkit’s journeyAlbinder Dhindsa, Eternal CEO and Blinkit cofounder, is launching his book Buildit, announced book publisher HarperCollins. The book, price...- Everything you wanted to know about Albinder Dhindsa, the man behind Blinkit and the next Eternal CEODhindsa’s history with Zomato goes way back. In 2011, he joined the startup as head of international operations, working closely with Goyal...
- Green signal: Zomato investors approve Blinkit dealStock reverses downward trend, closes 5.5% up on Wednesday.
- Zomato to acquire Blinkit for Rs 4,447 crore in all-stock dealZomato said it would acquire up to 33,018 equity shares of Blink Commerce Pvt Ltd from its shareholders for a total purchase consideration ...
- Zomato to give $150 million loan to BlinkitThe loan will be given to Grofers India Pvt Ltd (GIPL), Blinkit’s Indian entity, at an interest rate of 12% a year for a tenure of not more...
- Competition Commission approves Zomato buying 9.3 pc stake in Grofers IndiaZomato, last month, said it has invested USD 100 million (around Rs 745 crore) for acquiring a minority stake in Grofers as the company loo...
- CCI approves Zomato’s $100-million investment in GrofersCompetition Commission of India has approved the “proposed acquisition by Zomato of approximately 9.3% stake in Grofers India and [Hands on...
- Grofers to turn unicorn with Zomato fundsTiger Global, investor in both Zomato and Grofers, will also participate in the $120 million funding round. The companies had explored a po...
- ETtech Exclusive: Zomato may invest $100 million in Grofers as e-grocer shelves US IPO planZomato's investment is likely part of a larger financing round and may value the Gurugram-based online grocery firm at around $1 billion
- Scoop: Grofers in talks with Cantor Fitzgerald's SPAC for Nasdaq listingSoftBank Vision Fund-backed Grofers is expected to raise between $400 million and $500 million through the Nasdaq listing in May at a valua...
- SoftBank-backed Grofers weighs listing via US SPAC dealGrofers is weighing a plan to go public in the US through a merger with a special purpose acquisition company (SPAC) at a valuation of $1 b...
- RIL-Future deal, festive season prompt rivals to roll out attractive offers in grocery retailingWhile Grofers, BigBasket, Milkbasket, Amazon and Flipkart are engaged in a pitched battle for consumer loyalty, Mukesh Ambani’s JioMart and...
- Paytm Mall in talks for Grofers stake as SoftBank pushes for consolidationOnline retailer Paytm Mall has held talks with e-grocer Grofers for a potential investment, multiple people in the know told ET, adding tha...
- Grofers hires 5000 employees to cater to increasing demandThey will mostly be engaged in 15 new warehouses and help increasing its delivery staff strength.
- India Inc sees private equity deals worth $1.14 billion in MayThere were 48 PE deals worth USD 1.138 billion in May 2019.
- SoftBank may deliver fresh funds to GrofersSoftBank’s move to further invest in Grofers also puts on hold the on-again, off-again merger talks it has held with bigger rival, Alibaba-...
- Grofers Chief Technology Officer Varun Khurana calls it quitsGrofers chief executive Albinder Dhindsa confirmed the move, but declined to share further details.
- Groffr promoter Redstone Consultancy files case against Grofers for using similar sounding nameRedstone Consultancy filed a case against Grofers India Pvt Ltd for “passing off” and using a similar sounding name to confuse consumers in...
- Grofers to buy delivery startup hyperlocal delivery player TownrushGrofers is making these acquisitions primarily for the teams with no significant cash or equity being exchanged, an executive from the co s...
- Grofers buys smartphone-based grocery delivery platform My Green BoxIt just started operations in Bengaluru, while My Green Box is currently processing 200 orders every day in Gurgaon where it is operational.
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