Zomato Refutes Acquisition Talks with Shiprocket Amidst Rumors

Zomato's CEO, Deepinder Goyal, responded to media speculation, stating that the company currently has no intentions of pursuing an acquisition, contrary to reports suggesting a $2 billion offer for Shiprocket.

Goyal addressed circulating mainstream media articles claiming Zomato's $2 billion offer to acquire Shiprocket, firmly denying the statement. He cautioned investors about the inaccuracies in the news and emphasized Zomato's current focus on existing ventures, confirming no immediate plans for acquisition.

Previously, certain media sources inaccurately reported Zomato's alleged offer of approximately $2 billion (about Rs 16,600 crore) to the shipping startup.

Goyal mentioned that although the company typically refrains from addressing such speculations, it's making an exception due to the substantial mentioned deal size.

Zomato's CEO, Deepinder Goyal, dismissed reports of a $2 billion acquisition offer for Shiprocket, affirming that the company currently isn't considering any acquisition.