Indonesia’s ride-hailing and payments giant Gojek agreed to combine with e-commerce pioneer PT Tokopedia to create the largest internet company in the world’s fourth most-populous nation. The combined entity is set to...
FuelBuddy acquires MyPetrolPump in an all-cash and stock deal
Delhi-based fuel delivery startup FuelBuddy has acquired Bangalore based on-demand fuel delivery startup MyPetrolPump, a venture owned by ANB Fuels Pvt. Ltd., for a cash and stock consideration. FuelBuddy is an app...
Zomato IPO: Info Edge to sell stake worth Rs 750 crore via OFS
Info Edge India Ltd today said that its investee company Zomato has proposed an initial public offering (IPO) of fresh issue of equity shares and an offer for sale. Info Edge will sell stake worth Rs 750 crore in the...
Amazon-backed home tech startup SmartRent to go public in over $2 billion SPAC deal
Amazon-backed home technology solutions provider SmartRent.com Inc said on Thursday it had agreed to go public through a merger with a blank-check firm backed by venture capital firm Fifth Wall, valuing the equity of...
Softbank Group to invest $450 million in Swiggy at $5.5 billion value
SoftBank Group Corp. is investing in Swiggy at a $5.5 billion valuation, the second funding for the Indian food delivery startup in as many weeks as capital floods the world’s fastest growing internet arena. The $450...
Singapore’s Grab to go public in world’s biggest $40 bn SPAC merger
Grab Holdings, the largest ride-hailing and food delivery firm in Southeast Asia, clinched a merger on Tuesday with special-purpose acquisition company Altimeter Growth Corp securing a valuation of nearly $40 billion...
Flipkart to acquire troubled Cleartrip
Flipkart Group is close to buying travel and hotel booking platform Cleartrip in a distress sale, three people aware of the matter said, as the Walmart-owned e-commerce giant strengthens its operations in the...
Delivery startup Dunzo seeks $150 million funding
Dunzo Digital Private Ltd., a delivery startup backed by Google and operating in eight Indian cities, aims to double the amount of capital it has raised so far to extend its reach across the country and become a $1...
Choice Equity Broking in pact to acquire 100% stake in Escorts Securities
Mumbai-based Choice Equity Broking Private Ltd has entered into an agreement to acquired 100% stake in New Delhi based Escorts Securities Ltd, a Choice statement said, Thursday. Escorts, the listed auto major was...
UK competition watchdog clears Uber’s Autocab takeover after raising concerns
Britain’s competition watchdog said on Monday it had cleared Uber’s takeover of UK tech firm Autocab after its initial probe found the deal would not affect competition in the country’s taxi booking...
ExtraaEdge raises $1 million in pre-series A funding
Pune-based software-as-a-service (SaaS) startup, ExtraaEdge, on Wednesday said it has raised $1 million as a part of its pre-series A round from Pentathlon Ventures. The round also saw participation from other...
Uber spins off robotic delivery unit, takes stake in new startup
Uber Technologies Inc. is spinning out Postmates’ delivery robot operation into a separate startup, marking another chapter in the ride-hailing giant’s attempts to narrow its focus and become profitable. Uber will co...
