https://techcrunch.com/2021/06/29/zomatos-100-million-investment-to-turn-grofers-into-a-unicorn/

Indian food delivery giant Zomato, which is working to explore the public markets later this year, has reached an agreement to invest $100 million in online grocer Grofers for about 10% stake in the seven-year-old startup, according to a source and multiple others familiar with the matter.

The proposed investment values Grofers, which counts SoftBank as its largest investor, at over $1 billion. (Indian regulator, the Competition Commission of India, needs to approve the investment.) Zomato’s proposed investment is part of a broader round, in which others including Tiger Global and SoftBank Vision Fund 2 are expected to chip in some capital. Zomato said it had no comment.