Food delivery major Zomato, in a regulatory filing, has denied claims that it has offered to acquire logistics unicorn Shiprocket for $2 billion.
“We deny this statement and would like to caution investors against such incorrect news floating in the market. We remain focused on our existing businesses with no plans for any acquisition at this moment,” the company said.
Reports recently surfaced that Zomato, which holds around 8 per cent stake in Shiprocket, was looking to acquire the logistics platform.
Zomato chief executive officer (CEO) Deepinder Goyal, in a tweet on X (formerly Twitter), also denied the reports.
