M&A

M&A

Swiggy enters fray to acquire Metro AG's India retail biz: report

Economic Times  

Food and grocery delivery unicorn Swiggy has emerged as one of the possible contenders for the India operations of German wholesale retailer Metro AG. Swiggy has evinced interest in the acquisition, and a potential deal will enable Metro Cash & Carry's wholesale stores to feed Swiggy's Instamart delivery model. Thailand's CP Group and Reliance Retail are currently the other two likely candidates for a possible acquisition of Metro Cash & Carry.