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Zomato to invest $100 Mn in Grofers to back grocery delivery ambitions

Shortpedia

Content Team
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Zomato To Invest $100 Mn In Grofers To Back Grocery Delivery Ambitions Food delivery giant Zomato may invest $100 Mn in online grocery startup Grofers after talks of a possible merger between the two fell through last year. IPO-bound Zomato’s investment is likely part of a larger financing round and may value the Gurugram-based online grocery firm at around $1 Bn, sources told ET, which first reported the development.