SoftBank Vision Fund could hypothetically invest up to $200m if Zomato goes through with buying grocery delivery service Grofers in an all-share deal.
Restaurant listings and food delivery service Zomato is in discussions to acquire India-based online grocery retailer Grofers at a valuation of about $750m, the Economic Times reported yesterday.
The prospective acquisition would be an all-share deal, according to two people with knowledge of the developments. The talks were initially reported by Entrackr on Monday without the prospective valuation.
Grofers’ largest investor, telecommunications and internet group SoftBank’s Vision Fund, could invest $100m to $200m in the merged business once the deal…
