Zomato deal for 9.3% stake in Grofers gets CCI nod2 min read 13 Aug 2021, 05:36 PM IST
Zomato had recently invested $100 million for acquiring a minority stake in grocery delivery platform Grofers with the intention to add a grocery delivery section on its app
The Competition Commission of India (CCI) has approved Zomato's bid for acquiring 9.3 per cent stake in the online grocer Grofers and Hands on Trades. This would mark the food delivery aggregator's entry into online grocery retail, a segment that has seen significant growth during the pandemic.
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