Zomato To Invest $300 Million In Grofers In A Two-Pronged Growth Strategy

Speculation is that Zomato is poised for a significant financing round that may boost the Gurugram-based online grocery company at around $1 billion, and here is the reason why.

Zomato’s IPO Is Not Good But Great News For Swiggy

Even if we take $3.4 billion valuation into account, Zomato looks likely to take the driver’s seat from Swiggy after the launch of the IPO. If it happens, it will be no mean feat for Zomato which was far behind Swiggy till two years back. Zomato started turning its fortunes around in the beginning of this year.