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Zomato to buy Grofers in an all-stock deal
April 14, 2020
Zomato is in talks with Grofers to buy it in an all-stock deal. Grofers has seen a huge demand for products during the lockdown.
Softbank is the biggest shareholder in Grofers, which may invest in the merged organization.
If the transaction is completed, it will become the second buyout for Zomato during this year to strengthen its food delivery offering in the domestic market of the country.
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