Flipkart approaches Grofers for acquisition: Report

Homegrown e-commerce startup Flipkart has approached grocery delivery startup Grofers for an acquisition to build on its grocery services, according to reports. Grofers' investors, Tiger Global and SoftBank, are also in favour of the deal, reports added. Earlier, Flipkart Co-founder Binny Bansal said that it would consider investing in the companies that will prove to be strategic to its business.