Competition Commission approves Zomato buying 9.3% stake in Grofers India

The Competition Commission has approved online food delivery platform Zomato’s proposed purchase of 9.3 per cent stake in online grocery shopping player Grofers India.

Zomato, last month, said it has invested USD 100 million (around Rs 745 crore) for acquiring a minority stake in Grofers as the company looks to have more exposure to the online grocery segment.

The recently-listed Zomato will acquire 9.3 per cent stake in Grofers India Pvt Ltd and Hands on Trades Pvt Ltd (HoT). Grofers International Pte is the holding company of Grofers India and HoT.

In a tweet on Friday, Competition Commission of India (CCI) said it has cleared the “proposed acquisition by Zomato of approximately 9.3% stake in Grofers India and Hands on Trades”.