large scale image
LCP Image

Back to TSCFM News

Zomato to buy Grofers in an all-stock deal

April 14, 2020

Zomato to buy Grofers in an all-stock deal

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.

Recommended for you ...

Modi, Mauritius, and Sri Lanka Leaders Unveil Digital Payment Services
Modi, Mauritius, and Sri Lanka Leaders Unveil Digital Payment Services

February 12, 2024

Public Sector Banks Surpassing Private Peers, Investors Reconsidering Choices
Public Sector Banks Surpassing Private Peers, Investors Reconsidering Choices

February 12, 2024

Indian Banks Seek RBI Permission for Global Bond Trading Ahead of Inclusion in Indices
Indian Banks Seek RBI Permission for Global Bond Trading Ahead of Inclusion in Indices

February 12, 2024

Enquire Now
REQUEST A CALLBACK
Chat on WhatsApp