Grofers to enter the Unicorn Club after $120 Million funding from Zomato
After months of speculation, Zomato, which is gearing up for an IPO, has decided to invest in Grofers
Zomato’s investment is likely to be part of a larger financing round
This may value the Gurugram-based online grocery firm at around $1 Billion
The funding comes a year after talks between both companies on a possible merger fell through
Grofers was also said to be in talks with SoftBank for a fresh funding round
Grofers is also eyeing to use SPACs to get listed on the Nasdaq stock exchange in the US
