Zomato wants to re-enter grocery delivery space, seeks a 10 per cent stake in Grofers

Zomato has applied for approval with the CCI, seeking stakes in the online grocery delivery platform Grofers. With this, the company wants to restart its grocery delivery option in India and take on rivals like BigBasket and Swiggy.

Zomato has been preparing for its initial public offering (IPO) in India, but before that, the company might acquire a 9.3 per cent stake in the online grocery delivery platform Grofers. The move will likely allow the online food ordering major to let its users' order groceries right through the app. The deal between Grofers and Zomato will also help the two better compete with rivals like Swiggy and BigBasket in the grocery ordering space online.