IPO-bound Zomato says it'll launch grocery delivery on its app soon

Zomato will introduce a grocery section on its app and confirmed its investment in Grofers.

Zomato will introduce a grocery section on its app, it said on Thursday, and confirmed its investment in Grofers. 

While announcing its initial public offering on Thursday, Zomato confirmed the investment. "Grocery is a large opportunity, and it is in the nascent stage right now, but growing rapidly...So, I think we are actively experimenting in the space, and recently invested $100 million for a minority stake in Grofers, with the idea of getting more exposure to that space and building our own strategies," chief financial officer Akshant Goyal said at a virtual press briefing to launch Zomato's IPO. 

The firm