Deepinder Goyal is an investor in a dozen companies. But two particular investments—$100,000 in logistics startup Shiprocket and $94,000 in grocery delivery service Grofers (now Blinkit)—have sent alarm bells ringing.
After Goyal backed these businesses, Zomato—the company he founded and heads—also pumped into money in them.
Of the seven investments Zomato made in the year ending March 2022, two were Shiprocket and Blinkit, raising concerns that Goyal used his firm to boost his personal holdings in those businesses.
Originally published on Quartz : Original article