Zomato seeks CCI nod for 9.3% stake in Grofers
Food delivery app Zomato, which is working to explore public markets later this year, has reached an agreement to invest $100 million in online grocer Grofers for about a 10 per cent stake.
Food delivery app Zomato, which is working to explore public markets later this year, has reached an agreement to invest $100 million in online grocer Grofers for about a 10 per cent stake.
Several Milkbasket users were left clueless as they did not get deliveries in their societies which were not sealed.
The etailer did not provide any clarity on how or when it will restart its operations.
India’s Foreign Direct Investment (FDI) policy, the government allows 100% FDI in food retail industry for the food produced and manufactured in India.
The SoftBank-backed company has been working on the business model for the past few months and has already converted about 100 such 'kirana' outlets.
RB's innovative keratin based new liquid detergent formula will be imported from Europe to India.
