Reports indicate that IPO bound Zomato is looking to invest in e-grocery delivery platform Grofers.
Economic Times reports as per sources that food delivery app Zomato is looking to invest $100 million in SoftBank backed Grofers, this comes after failed talks of a possible merger over a year ago.
Deepinder Goyal-led Zomato is looking to make the investment as Grofers backs out of US IPO plans and rival Swiggy also looking at fund raising from SoftBank.