The Competition Commission of India (CCI) has approved food delivery major Zomato Ltd’s $100-million investment in Grofers India Pvt. Ltd and its wholesale entity Hands on Trades Pvt. Ltd, the market watchdog said on...
DoorDash held talks to buy Instacart- The Information
U.S. food delivery firm DoorDash Inc held talks over the past two months to buy grocery delivery company Instacart for a likely price of between $40 billion and $50 billion, The Information reported on Wednesday, citing...
Ixigo buys AbhiBus in cash and stock deal
Le Travenues Technology Limited, which operates travel platform ixigo, on Thursday announced that it has acquired bus ticketing and aggregation platform AbhiBus. The size of the deal has not been disclosed. The slump...
Spinny raises $108 mn from investors led by Tiger
Used car retailing startup Spinny has raised $108 million in primary and secondary fund infusion as part of its Series D round led by New York-based Tiger Global Management, the company said on Monday. New investor...
Reliance Retail Ventures to acquire controlling stake in Just Dial for ₹3,497 cr
Reliance Retail Ventures Ltd (RRVL) will acquire 66.95% in Just Dial Ltd for ₹3,497 crore, giving the retail arm of India’s most valuable company access to a database of millions of merchants and other users. Reliance...
Self-driving vehicle start-up Aurora to go public in $11-bn Spac merger
Driverless technology startup Aurora Innovation Inc. has agreed to go public via a merger with Reinvent Technology Partners Y, a blank-check firm led by executives including LinkedIn co-founder Reid Hoffman and Zynga...
RIL says can’t comment on speculation about Just Dial acquisition
Reliance Industries Limited (RIL) has said that it is unable to comment on media speculation about reports that RIL is in advanced talks to buy Just Dial for Rs 6,600 crore. In a regulatory filing, RIL said, “We...
Reliance dials 8888888888 to shop for Justdial
Even as the Future Group buyout remains caught in legal crosshairs with Amazon, Asia’s richest man Mukesh Ambani is making a move on his next strategic target. Ambani’s telecom to petrochemicals conglomerate, is in...
CCI approves deal involving SoftBank Group entity buying stake in Swiggy
Competition Commission of India (CCI) on Monday gave its nod for a proposed deal involving SoftBank Group entity purchasing a stake in food ordering and delivery platform Swiggy. SVF II Songbird (DE) LLC would acquire...
In a first, state-owned LIC may invest in Zomato’s public offer
In a rare move, state-owned Life Insurance Corp. of India (LIC) is weighing a bid for Zomato’s shares in the online food delivery platform’s initial public offering this week, two people directly aware of the matter...
France’s Europcar rejects takeover bid, saying price too low
French car hire group Europcar said on Wednesday it has rejected a takeover bid, without specifying the bidder, saying the 0.44 euro ($0.5254) per share price offered was too low. Europcar said further talks might take...
Dukaan partners Dunzo and Shiprocket for delivery
Dukaan, a start-up that helps local stores sell their products online, on Tuesday announced a partnership with delivery platform Dunzo, and logistics firm Shiprocket to integrate delivery into the platform. Dukaan works...
