Zomato to invest $100 Million in delivery startup Grofers
The food delivery unicorn aims to bolster its grocery delivery options through the funding
The investment is likely to be part of a larger funding round by Zomato
Post-funding, Grofers is likely to be valued above $1 Billion
The funding comes a year after the talks between the two firms on a possible merger fell through
Zomato, however, has no plans to foray directly into grocery delivery soon
Meanwhile, competitor Swiggy continues to ramp up its online grocery business ‘Instamart’
