Zomato’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.

Competition Commission of India has approved the “proposed acquisition by Zomato of approximately 9.3% stake in Grofers India and [Hands on...

Tiger Global, investor in both Zomato and Grofers, will also participate in the $120 million funding round. The companies had explored a po...

Valuation to remain flat as competition heats up in grocery e-tailing sector

Online retailer Paytm Mall has held talks with e-grocer Grofers for a potential investment, multiple people in the know told ET, adding tha...

The funding comes at a time when the company’s sales and margins have doubled, compared to the same period last year.

Grofers, which competes with the likes of BigBasket as well as grocery verticals of e-commerce majors such as Flipkart and Amazon, saw its ...

Grofers is expected to be valued at around $700 million after this fund-raise.

The investment comes at a time when competition in the the online grocery delivery space is heating up, with well capitalised firms such as...

SoftBank’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-...

The decision of founders to pivot to an inventory-led model paid off for the firm.

Grofers confirmed the development to TOI and said it had turned profitable in Delhi on a per-order basis, after having gone through a tough...

While the discussions with Tencent are early, SoftBank is likely to bulk up its shareholding in Grofers, valuing the company at 20-30% lowe...

Sources in the know said talks between the two parties, which started in November last year, will be brought up during BigBasket's board me...

Grofers’ latest fundraise, its third this year, marks an over three-fold increase in the company’s valuation in about four months.

If the deal fructifies, it will mark an over ten-fold increase in valuation and the third round of funding this year for the Gurgaonbased s...

The restructuring at Grofers is expected to facilitate faster fund-raising as its institutional investors are based overseas.