Food delivery company Zomato, which recently went public, has received approval from the competition commission of India or CCI to acquire a 9.3% stake in SoftBank-backed online grocery firm Grofers. "Commission approves proposed acquisition by Zomato of approximately 9.3% stake in Grofers India and Hands on Trades," said CCI in a tweet. Last month, Zomato and Grofers had sought approval from the competition watchdog to acquire a minority stake in the Gurugram-based company. During the submission, they mentioned that the proposed transaction will have no impact on the competitive landscape in any potential relevant market in India, in any manner. While the details of the transaction are yet to be finalized, media reports suggest that Grofers had signed a deal with Zomato and Tiger Global to raise $120 million. If the deal goes through, Grofers is likely to join the coveted club of unicorns as it will be valued at over $1 billion.