ETtech Exclusive: Zomato may invest $100 million in Grofers as e-grocer shelves US IPO plan
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Zomato s investment is likely part of a larger financing round and may value the Gurugram-based online grocery firm at around $1 billion
ETtech
Illustration: Rahul Awasthi
Mumbai: Food delivery app Zomato is in talks to invest around $100 million in e-grocer Grofers, two people in the know told ET, after discussions of a possible merger between the two fell through last year at the onset of the Covid-19 pandemic.
Zomato’s investment is likely part of a larger financing round and may value the Gurugram-based online grocery firm at around $1 billion, sources said. This time the talks have centred around a capital infusion, unlike last year when Zomato
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Ghaziabad: A 15-year-old boy was kicked and punched by the driver of a Fortuner in Indirapuram after his scooter hit the SUV on Thursday evening.
Videos posted on social media showed the boy, a student of Class 8, pleading with the accused and saying sorry repeatedly as he rained blows on him. The SUV driver, identified as one Sumit Kumar (27) of Abhay Khand, has been arrested.
Police said the minor boy had taken his father’s scooter out for tuition classes and was on his way back home with his friend when the two-wheeler hit the SUV near Mangal Chowk around 6.30pm on Thursday. After a small argument, Sumit came out of the car and started beating him up as the boy kept saying sorry.
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Delivery Men Steal Mobiles, Replace Them With Soap Bars: Ghaziabad Police Delivery Men Steal Mobiles, Replace Them With Soap Bars: Ghaziabad Police The gang was busted after they were found to be stealing new mobile phones from a dealer.
Action was initiated based against the men after a complaint by a dealer, cops said (Representational)
Ghaziabad:
Seven delivery boys of e-commerce portals were arrested in Ghaziabad s Indirapuram for allegedly stealing mobile phones purchased by customers online, the police said on Tuesday.
The gang was busted after they were found to be stealing new mobile phones from a dealer. The gang was replacing the mobile phones with soap bars to dupe the customers upon delivery.