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ZOMATO GROFERS DEAL
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...- 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 confirms discussions to acquire Paytm’s movies, ticketing businessZomato confirmed in a stock exchange filing that it is in talks to acquire fintech Paytm's ticketing business, as reported by ET on June 16...
- Swiggy, Zomato among top 10 global online food delivery firms: ReportAccording to the Canada-headquartered global research firm ETC Group, Swiggy was placed in 9th place and Zomato on 10th.
- Zomato Hyperpure acquires Blinkit’s warehousing, ancillary services businessZomato acquired Blinkit's ancillary service for about $8 million in cash.
- Green signal: Zomato investors approve Blinkit dealStock reverses downward trend, closes 5.5% up on Wednesday.
- 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 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...
- Zomato, Blinkit likely to merge (at last); Amazon-Future talks failThe acquisition will give Zomato firepower in its fight with Swiggy’s Instamart, and will make SoftBank, one of Swiggy’s biggest backers, a...
- 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...
- 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...
- 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...
- Grofers set for unicorn clubFrom Grofers eyeing an entry to India's startup unicorn club to the rise of Thrasio-like startups and Twitter facing another FIR, here's a ...
- 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
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