The Competition Commission of India (CCI) has approved food delivery major Zomato Ltd’s $100-million investment in Grofers India Pvt. Ltd and its wholesale entity Hands on Trades Pvt. Ltd, the market watchdog said on Friday.
“Commission approves proposed acquisition by Zomato of approximately 9.3% stake in Grofers India and Hands on Trades,” the CCI said in a Twitter post.
