Friday, November 22, 2024

Zomato seeks CCI approval to invest in Grofers

Wednesday, June 30, 2021, 21:30
This news item was posted in Business category and has 0 Comments so far.

According to reports, Zomato and Tiger Global will collectively infuse about $120 million into Grofers with IPO-bound Zomato bringing in the larger chunk of the capital. The investment is expected to value Grofers at about $1 billion, giving it the status of a unicorn, the reports said.

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