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Zomato confirms $100 mn investment in Grofers, to launch grocery section on app
short by Krishna Raj / on Thursday, 8 July, 2021
Zomato has confirmed its $100 million investment in grocery delivery startup Grofers and said it will soon launch a grocery section on its app. The company also informed that its IPO will open on July 14 and close on July 16. Zomato said that it'll use up to 25% of the money raised through IPO for general corporate purposes.