Grofers denies reports of merger talks with rival BigBasket

Online grocery startup Grofers has denied reports of merger talks with rival BigBasket, saying that a meeting between the two had been "blown out of proportion". Grofers CEO Albinder Dhindsa said, "Right now, business is going good for us, we are going at a pretty good pace." Grofers would invest about $5 million in warehousing expansion in 2018, he added.