Zomato gets CCI nod for Grofers investment, but says no plan on drawing any synergies yet medianama.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from medianama.com Daily Mail and Mail on Sunday newspapers.
Competition Commission of India has approved the “proposed acquisition by Zomato of approximately 9.3% stake in Grofers India and [Hands on Trades]”, according to its tweet on Friday.
Zomato Grofers deal: CCI approves Zomato s $100-million investment in Grofers indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Synopsis
Goyal says Zomato spent almost one-third the money compared to competition to get here and has been very efficient..
ETtech
Bengaluru | Mumbai:
Zomato, the
first Indian unicorn to list on the bourses last month, will continue to chase growth and build a long-term business, cofounder Deepinder Goyal told ET, undeterred by questions raised on the food-delivery and restaurant-discovery platform’s profitability and eye-popping valuation.
The 38-year-old chief executive said that “life hasn’t changed drastically” after the company raised more than $1 billion from the public markets last month, vaulting it to the top league of publicly traded firms in India.