China’s Alibaba and Russia’s RDIF sovereign wealth fund will each invest $100 million in a Russian joint venture, RDIF said in a statement on Wednesday. RDIF also has an option to buy a further $194 million worth of...
Snapdeal may acquire ShopClues at a likely valuation of $250 million
Online retailer Snapdeal is carrying out due diligence for a potential acquisition of its rival ShopClues at a valuation of $200-250 million, said people familiar with the matter. The potential acquisition will mark...
Snapdeal inches closer to acquiring ShopClues
Online marketplace Snapdeal is close to buying its nearest rival ShopClues in an all-stock deal, two people familiar with the matter said, after the on-again, off-again talks fell through earlier following disagreement...
Amazon close to buying a stake in UK’s Deliveroo: Sky News
Amazon.com Inc is in talks to invest hundreds of millions of pounds in UK food delivery app Deliveroo as part of a $575 million fundraising, Sky News reported on Thursday, citing sources. Deliveroo is likely to unveil...
Buffett’s Berkshire unveils $861 million Amazon stake
Warren Buffett’s Berkshire Hathaway Inc said it owned $860.6 million of Amazon.com Inc shares at the end of March, after the billionaire admitted to underestimating the online retailer and its Chief Executive Jeff Bezos...
Warren Buffett finally embraces Amazon as Berkshire acquires stake
Warren Buffett has said that he underestimated Amazon.com Inc.’s Jeff Bezos. Now one of Buffett’s deputies is willing to put money behind the tech giant. Berkshire Hathaway Inc. has been buying Amazon shares and the...
Flipkart in talks to buy grocery chain Fresh: report
Walmart Inc-owned e-commerce firm Flipkart is in talks to buy Indian grocery chain Namdhari’s Fresh, CNBC-TV18 reported on Wednesday, citing sources. Namdhari’s operates over 30 stores in Bengaluru, and the...
Amazon raises stakes for rivals with 1-day delivery goal after profit surge
Amazon.com Inc plans to deliver packages to members of its loyalty club Prime in just one day, instead of two days, part of a spending ramp-up that may curb near-term profits and will up the ante for retail rivals such...
CDC invests $40 million in BigBasket at unicorn valuation
CDC Group, the UK’s development finance institution, said on Tuesday that it has invested $40 million in homegrown grocery delivery firm BigBasket. The investment is part of a bigger round of $150 million that BigBasket...
Amazon buys warehouse robotics startup Canvas Technology
Amazon.com Inc on Wednesday said it had acquired Canvas Technology, a robotics startup in Boulder, Colorado, that has built autonomous carts that can move goods around warehouses. An Amazon spokeswoman did not comment...
Shopmatic acquires 51% stake in Octopus
E-commerce enabler Shopmatic Pte. Ltd has picked up a controlling stake in retail point-of-sale device provider Octopus, a top company executive said. Shopmatic chief executive Anurag Avula said in an interview that the...
SoftBank’s founder Masayoshi Son misses out on Amazon stake by $30 million
SoftBank Group founder Masayoshi Son, famous for his early investment in China’s top e-commerce company, also had the chance to own a big stake in Amazon.com — but he missed out over $30 million. Son, speaking at the...
