Zomato is in talks to acquire Grofers

[Bapun]

Food delivery major, Zomato is likely to buy Grofers in an all stocks deal for nearly USD 750 million , multiple sources privy to the development said. The deal will likely result in the higher valuation for Grofers at a time when the e-groceries sales have picked up substantially during the COVID-19 lockdown.

Zomato likely to buy Grofers in all-stocks deal as grocery war heats up amid COVID-19 lockdown

 

[kumarvishwas]

Zomato would buy every startup that challenges it in India

Sad part is My Zomato Gold is getting wasted, shouldn't have bought it in last December, completely wasted for the time being.

Btw Amazon was also starting its food delivery service throughout India, seems the launch postponed due to sudden lockdown.

 

[Bapun]

In a statement shared with IANS, Zomato said that the company has partnered with Grofers, along with other FMCG companies, local groceries stores and modern retail chains, to pilot its grocery delivery service. "We are not aware of any other conversation with Grofers," a Zomato spokesperson added.

Zomato Denies Grofers Acquisition Deal Amid Surge in Meeting Delivery of Essential Goods

 

[Sai Jai]

Seems online food & grocery delivery going in monopoly way not good hope soon Amazon arrive

 

[Bapun]

Amazon's food delivery service arrival delayed due to Covid-19 outbreak. Otherwise, they had started testing it for their employees on few areas of Bangalore already.

 

[Sai Jai]

Yeap Amazon food delivery arrived some parts in banglore as I heard in February 2020 .. waiting for chennai arrival after this pandemic situation over

 

[Bapun]

They were testing it among their employees only. Might extend for more once corona issues settle down.

 

[Bapun]

Zomato To Invest $100 Mn In Grofers To Back Grocery Delivery Ambitions

Zomato may invest $100 Mn in online grocery startup Grofers after talks of a possible merger between the two fell through last year.

inc42.com

 

[Bapun]

IPO-bound food delivery platform Zomato is pressing ahead with its long-held plan to purchase a stake in Grofers, its $100-120 million investment in the online grocery startup at a valuation of a billion dollars entering the last lap and an announcement imminent in the next few weeks, said people familiar with the development.

IPO-bound Zomato's $100-120 million investment in Grofers enters last lap

IPO-bound food delivery platform Zomato is pressing ahead with its long-held plan to purchase a stake in Grofers, its $100-120 million investment in the online grocery startup at a valuation of a billion dollars entering the last lap and an announcement imminent in the next few weeks, said...

www.moneycontrol.com

 

[Bapun]

Zomato begins pilot in Delhi for grocery delivery

Foodtech unicorn Zomato has begun rolling out its grocery services in select areas and for select users on a pilot basis in Delhi.

yourstory.com