News > Zomato to acquire 9.3 percent stake in Grofers, after $120 million investment

Zomato to acquire 9.3 percent stake in Grofers, after $120 million investment

Zomato is looking to acquire a 9.3 percent stake in Grofers, the online grocery delivery service. It filed a notification to the Competition Commission of India (CCI) for approval.

According to the document filed with the anti-trust authority, the potential relevant markets or segments are highly fragmented, with various participants, including several unorganized companies, who will continue to impose considerable competitive constraints.