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GROFERS LISTING
SoftBank snags Rs 2,873 crore from Lenskart stake sale, clocking 7x returnSVF II Lightbulb Cayman, a SoftBank affiliate, sold 5.65 crore shares, or 3.25%, in Lenskart for Rs 2,873 crore through a block deal on Wed...- 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...
- 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...
- 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...
- 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...
- 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
- Grofers cofounder Saurabh Kumar exits amid funding talks with ZomatoSaurabh Kumar tells us he is looking forward to building more fun and exciting things ahead. “Some things are cooking. We will have to wait...
- Flipkart weighs US listing via SPAC merger but IPO much more likelyA traditional Flipkart IPO is much more likely, even as a growing number of Indian tech startups are considering the SPAC route to public m...
- 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...
- Zomato smells opportunity in groceries, pings Grofers, BigBasketThis is a major step towards diversification and a move to keep demand high at a time when most businesses are registering a slowdown. Onli...
- Yes Bank, Grofers tie up to deliver cash at doorstepThe cash delivery service, open to all back account holders. has started today across Mumbai, Gurgaon and Bengaluru. Other cities will be a...
- 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...
- Eyeing less taxing space, Online grocery delivery company Grofers shifts base to SingaporeThe restructuring at Grofers is expected to facilitate faster fund-raising as its institutional investors are based overseas.
- Grofers raises Rs 220 crore in fresh roundGrofers will launch services in Hyderabad and Pune, in addition to being present in Mumbai, Delhi and Bengaluru.
- Startups eye delivery space: Young firms like Delyver, Grofers deliver a whole range of servicesA customer can log on to their respective smartphone app or website for placing orders from listed local stores and restaurants.
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