There is also a possibility of a Merger between both Paytm and Grofers
Investment bank Soft Bank of Japan invested in both e-commerce companies.
⇛Online retailer Paytm Mall can buy a large stake in E-Grofers company Grofers. Apart from this, the two companies can also be merged. This is because Japan's investment group Soft Bank is a major investor in both companies.
⇛The soft bank is negotiating investment and merger between the two companies. Paytm Mall has cash of 12 thousand crores and is ready to enter the grocery market of India.
⇛Softbank Vision Fund has invested in Grofers, on the other hand, Softbank Group (SBG) has invested in Paytm, SBG has a 20% stake in Paytm. Paytm Mall is exploring various options in the online grocery segment. Paytm Mall is also in talks to invest or acquire milk startup Milk Basket for this.
No comments:
Write comments