Zomato may soon invest in Grofers. According to sources, the deal is in the final stage, it can be announced soon. However, before the deal is finalized, Grofers co-founder Saurabh Kumar is leaving the firm.
There may be a deal between Zomato and Grofers
Food delivery platform Zomato may soon invest in online grocery company Grofers. According to media reports, Zomato is planning an investment of about $ 10-12 million. The deal has almost reached the final stage. It can be announced in the next few weeks. Grofers has been valued at $1 billion for this investment.
Zomato is also going to bring its IPO in the market. For this, the company is engaged in strengthening its penetration. Markets regulator SEBI has given its approval to the proposed IPO of Zomato. It is to be known that Zomato had filed papers related to its IPO with SEBI at the end of April. In such a situation, soon SEBI can issue its final observation. However, before the deal, another big news has come to the fore, in fact Grofers co-founder Saurabh Kumar is leaving the firm. They will no longer be involved in day to day responsibilities in the firm. Albinder Dhindsa gave this information through a tweet. It is known that Saurabh co-founded the e-grocery startup Grofers with Albinder Dhindsa eight years ago.
Dhindsa wrote in his tweet, “He will continue to be a member of the board and shareholder in the company. It is the end of an era for Grofers and I know we all will miss him every day.” He further wrote, “I wish him all the best for his new mission and encourage him with love and pride.”
Let us tell you that the process of IPO proceeds only after SEBI’s final observation on DRHP filed in SEBI of an IPO. The roadshow conducted in the context of Zomato’s IPO got a very good response from the investors. All the institutional investors are showing interest in this IPO.
Also read: If there is a problem in transferring the property, then follow these 4 ways, tension will be removed
Post Office Scheme: You can get 14 lakhs by saving 95 rupees daily, these will also be benefits, know how to invest
.