Zomato is in Talks with Grofers to Invest $100 Million
Why Zomato Wants to Invest in Grofers?
Zomato, the biggest online food delivery firm in India, is widening its operations in the food sector. To capture the Indian market further, the startup may join Grofers as an investor. The internal reports suggest that Grofers may raise $100 million in a recent financial round, including Zomato.
Zomato IPO is Coming Soon
Last month, Zomato filed the documents to start its much-awaited Initial Public offerings ( IPO). The documents are under scrutiny in Sebi. The IPO may start very soon. As per the detail submitted by Zomato, the IPO will offer equity shares of Rs 8250 value which is approximately $1.1 billion. Out of these total equity shares, Rs 7500 crore will be the fresh offerings while Rs 750 crore shares will be on sale by Info Edge, an existing investor of Zomato
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