Zomato’s proposal  values  ​​the  platform at about $2 billion, said the people, who requested anonymity  to discuss  confidential information. No final decision has been  taken  and Zomato  may not do business  with  the company, the people said. 

  Listed  food delivery  company Zomato  has  proposed  to acquire  privately  held Indian e-commerce  delivery  startup Shiprocket, according to people  familiar  with  the matter.

 A representative for Shiprocket declined to comment. New Delhi-based Zomato said in a statement  that  reports  that it had acquired  Shiprocket for $2 billion  are “fake news”,  adding  that  it  has  no plans for an acquisition.  Shiprocket, led by co-founder and  CEO Sahil  Goel, raised  $1.23 billion in funding  in August  2022, according to  PitchBook  data. Investors  include Bertelsmann India Investments, Temasek Holdings Pte, PayPal Ventures and Tribe Capital. Zomato  supported  the company in 2021. 

 Since its  IPO  in July 2021,  Zomato stock has risen  68%,  outpacing  the Nifty 50  index,  which  rose  34%  during  the same period.

For more  information, see https://happenrecently.com/zepto/?amp=1