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ZOMATO GROFERS INVESTMENT
SoftBank logs $600 million paper loss on India-listed portfolio in March quarterSoftBank's Indian investments faced a significant downturn in the January-March quarter. Several prominent companies like Swiggy and Ola El...- Pocket FM elevates Lalit Gangwar as COO to lead global operationsIn his new role, Lalit Gangwar will lead the company’s audio vertical as it expands internationally and oversee business operations and mon...
- Zomato places an order for Grofers at $750 million valuationJapanese conglomerate SoftBank Vision Fund, the largest shareholder in Grofers, may look to invest around $100-200 million in the merged en...
- Zomato's Blinkit acquisition: For the investor, the devil is in the detailsWhile Blinkit does align to Zomato’s food delivery business and its ambition to step into online grocery business, the stock price of the c...
- 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 and Blinkit likely to merge in share-swap dealWhile the contours of the deal are being finalised, it is expected that shareholders of Zomato would get 10 Blinkit shares for each held in...
- Zomato’s Deepinder Goyal transfers his Blinkit shares to Tiger GlobalThe share transfer comes as Zomato is ramping up its investment in Blinkit (formerly Grofers), after abandoning its plans to enter the e-gr...
- Swiggy’s Instamart now has over two million transacting usersInstamart specialises in grocery deliveries in 15-30 minutes. The pilot service was launched in August last year in Gurugram and Bengaluru....
- Zomato gains 3% on report of $500 million investment in GrofersZomato’s share price rose to a high of Rs 161.85 on the National Stock Exchange as against the previous close of Rs 156.55.
- Zomato may invest $500 million in Grofers to push its quick commerce playIf the deal goes through it will be the largest investment for the food delivery platform. The new round, likely to value Grofers at $1.5 b...
- Zomato’s $500m bet on Grofers, Sebi's missive on IPO adsZomato, which has twice tested—and aborted—its own grocery delivery service since the start of the pandemic, is now in talks to invest up t...
- Zomato scraps grocery deliveries for the second timeZomato began the pilot for its 45-minute grocery delivery service in a few markets, starting from Delhi NCR, in July. It operated on a mark...
- 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 joins express delivery rush amid online grocery boomIn a blogpost, Grofers cofounder Albinder Dhindsa says the company delivered groceries to more than 7,000 households in Gurugram within 15 ...
- Zomato plans grocery rollout, invests in GrofersZomato, which is launching its IPO next week, reported operating revenue of Rs 1,993 crore for the year ended March, down 23.5% from Rs 2,6...
- Zomato seeks CCI nod for about 10% stake in GrofersIPO-bound Zomato has filed a notification with the Competition Commission of India (CCI) to acquire a 9.3% stake in Grofers following its $...
- 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
- Zomato reloadsIn today's ETtech Morning Dispatch: Zomato may invest in Grofers, India goes Dogecoin crazy and Government shuts real-time access to CoWin ...
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