India: Grofers alters structure to comply with FDI norms

India: Grofers alters structure to comply with FDI norms

Grofers. Photo: Ramesh Pathania/Mint

Grofers India Pvt. Ltd has identified at least three large sellers who will sell products on its platform so as to comply with India’s foreign direct investment norms even as the grocery delivery start-up tries to move from a hyperlocal delivery model to an inventory-led one, two people aware of the development said on condition of anonymity.

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