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Zomato buys stake in Grofers India

July 05, 2021

Zomato buys stake in Grofers India

Zomato, an online aggregator of restaurants and food deliver application, is seeking to acquire a stake in Grofers, an online platform for grocery delivery, the organization’s filing with the Competition Commission of India (CCI) revealed on Friday. As per the archive documented with the central body, Zomato is looking to get 9.3% in the e-grocery organization.

The move will permit Zomato to allow its clients to put orders for basic foods directly from the application. Grofers and Big Basket are the main players of the grocery delivery business. If the deal goes through among Zomato and Grofers, they will go up against BigBasket which has a majority stake by the Tata group and Swiggy, one of the biggest online food ordering and delivery platform of the country.

The organization is likewise looking for a stake in Hands on Trades Pvt Ltd, a wholesale entity set up by Grofers in 2017.

“The proposed transaction will have no impact the cutthroat landscape in any potentially relevant market in India, in any way,” it said in the notice.

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