Zomato, Grofers deny merger talks as e-grocery enters top gear

Gurugram-based food delivery platform Zomato and e-grocer Grofers on Tuesday refuted reports that they are in acquisition or merger talks after reports surfaced that Zomato may acquire Grofers for nearly $750 million.

Flush with funds, Zomato currently partnered Grofers for the delivery of essential items – along with other FMCG and grocery stores — to meet the surge in demand amid social distancing and nationwide lockdown that has now been increased till May 3.

In a statement shared with IANS, Zomato said that the company has partnered with Grofers, along with other FMCG companies, local groceries stores and modern retail chains, to pilot its grocery delivery service.

“We are not aware of any other conversation with Grofers,” a Zomato spokesperson added.