Amazon’s purchase of a stake in Deliveroo has been provisionally cleared by Britain’s competition regulator in view of a potentially fatal deterioration in the online food delivery group’s finances because of the...
Alibaba plans to buy at least 10% stake in Chinese courier Yunda: sources
Alibaba Group Holding Ltd plans to buy at least 10% of Yunda Holding Co Ltd, marking the e-commerce giant’s fifth investment in a large courier, two people with knowledge of the matter told Reuters. Alibaba is looking...
NCLAT sets aside CAIT plea against CCI nod to Flipkart’s acquisition by Walmart
A two-member bench of the appellate tribunal headed by Justice S J Mukhopadhaya said CAIT failed to establish its allegations against CCI granting approval for Walmart-Flipkart deal. NCLAT also said Flipkart was not...
Brazil e-commerce firm Peixe denies it is in talks to buy Grow scooter startup
Brazilian e-commerce firm Peixe Urbano on Thursday denied it was in talks to acquire Latin American scooter company Grow Mobility even as a person with direct knowledge of the matter said the startup was in talks with a...
E-commerce firm Peixe in talks to buy electric scooter startup Grow: sources
Latin American e-commerce company Peixe is in advanced talks to acquire electric scooter firm Grow Mobility, four people with knowledge of the matter said on Tuesday, potentially the latest deal in a crowded sector...
EBay looking to sell South Korean unit: report
EBay Inc is looking to sell its South Korean unit, which includes Gmarket, one of the largest online marketplaces in the country, in a deal that could fetch nearly $5 billion, a Seoul-based newspaper reported on Tuesday...
EBay in discussions with multiple parties for sale of classified business
EBay Inc is in discussions with multiple candidates regarding a potential transaction for its classified-ads business, the company said on Friday. The company expects to provide an update regarding the process by the...
MaxWholesale raises $3 mn Series A from IAN Fund, Al Falaj Investment
MaxWholesale, a business to business e-commerce platform for kirana stores to source online inventory has raised $3 million in a Series A round led by venture capital fund IAN Fund-I and Al Falaj Investment Company, an...
Home rental startup Nestaway buys ApnaComplex
Home rental startup NestAway Technologies Pvt. Ltd Thursday said it has acquired apartment management platform ApnaComplex to expand its property management business. The company did not disclose financial details of...
Brick&Bolt raises $1.5 mn from Sequoia Surge
PluckWalk Technologies Pvt Ltd, that runs Brick&Bolt, an e-commerce platform for the construction industry, has raised $1.5 million in a pre-Series A funding round, led by Sequoia India’s scale-up programme, Surge...
Intercontinental Exchange says it explored deal with eBay
Intercontinental Exchange Inc (ICE), the owner of the New York Stock Exchange, said on Tuesday it had approached e-commerce company eBay Inc to explore “a range of potential opportunities”. The statement came after...
Amazon to invest $1 bn in digitising small businesses in India: Jeff Bezos
Amazon.com Inc chief Jeff Bezos on Wednesday announced USD 1 billion (over Rs 7,000 crore) investment in India to help bring small and medium businesses online and committed to exporting USD 10 billion worth of India...
