Zomato, Grofers Deny Reports of Merger Talks
Zomato, Grofers Deny Reports of Merger Talks Gurugram-based food delivery platform Zomato and e-grocer Grofers on Tuesday refuted reports that they are in acquisition or merger talks after reports surfaced that Zomato may acquire Grofers for nearly $750 million. Flush with funds, Zomato currently partnered Grofers for the delivery of essential items – along with other FMCG and grocery stores — to meet the surge in demand amid social distancing and nationwide lockdown that has now been increased till May 3....