The concept of quick commerce has been attracting the most venture capital attention with Zepto doubling its valuation to $570 million within five months of launch and Zomato-backed Grofers rebanding to Blinkit to capture the momentum.
Zomato says with the CCI approval, it has completed acquisition of 9.16% of shareholding on a fully diluted basis in GIPL for Rs 518.2 cr and 8.94% of shareholding in HOTPL for Rs 222.8 cr
Zomato, last month, said it has invested USD 100 million (around Rs 745 crore) for acquiring a minority stake in Grofers as the company looks to have more exposure to the online grocery segment