Restaurant listings and on-demand food delivery platform Zomato has invested in the Bennett Coleman & Co and SoftBank-backed grocery delivery service at a unicorn valuation.
India-based online grocer Grofers has secured $120m from investors including restaurant review and food delivery app Zomato at a valuation exceeding $1bn, MoneyControl reported yesterday, citing people familiar with the matter.
Hedge fund manager Tiger Global Management filled out the round, having invested a “small amount”, according to the sources. Zomato was reportedly in talks to buy Grofers through an all-share merger in April 2020 that has yet to materialise.
Grofers operates an online marketplace that lists fresh produce…
