Latest Breaking News On - பெரியது கூடை - Page 9 : comparemela.com
Vegolution enters Hyderabad market with Hello Tempayy - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
CNBC-TV18 s Young Turks hits refresh, gets a brand new look!
adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.
Zomato to acquire 9 3 percent stake in Grofers, after $120 million investment
techstory.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techstory.in Daily Mail and Mail on Sunday newspapers.
CashBackOfAll launches customer loyalty rewards program in India
aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
After raising $120 million from Zomato, Grofers has become India’s latest unicorn startup. The deal has been officially finalized, and Grofers is now worth more than a billion dollars, making Gurugram-based online grocery delivery startup 16th unicorn of India in 2021. The deal is expected to be approved by the CCI soon. Following its IPO, which is expected in a few months, Zomato may consider acquiring Grofers.
Image Source: The Economic Times
Zomato’s investment in Grofers will benefit the food giant in re-entering the online grocery market. Soon after the COVID-19 pandemic hit India in March 2020, the company explored grocery delivery briefly by working with fast-moving consumer goods companies and e-grocers like BigBasket and Grofers. Around the same time, it started looking into buying Grofers in an all-stock deal. However, five months after launching its grocery service, Zomato dropped out, arguing that it was not their core business.