The U.S. Justice Department has cleared Uber Technologies Inc’s acquisition of food delivery company Postmates, news website Axios reported on Monday, citing a source familiar with the matter. Uber announced in...
Inspire Brands’ acquisition of Dunkin’ to have limited India impact: Analysts
Restaurant chain Dunkin’ Brands’ $11.3 billion global acquisition by Inspire Brands last week is unlikely to have an India impact, analysts said. In India, Dunkin’ Donuts is operated by listed entity Jubilant FoodWorks...
Nestle buys U.S. meal delivery group Freshly
Food group Nestle on Friday said it had bought U.S. meal delivery company Freshly in a deal valuing it at $950 million, with further potential payments or “earnouts” of up to $550 million. The purchase marks another...
Zomato continues secondary share sale, makes leadership changes before IPO
Foodtech unicorn Zomato, which is gearing to go public in 2021, has made changes to its leadership team, elevating Akshant Goyal as chief financial officer (CFO), as it continues to give its employees exits through...
Australia’s REA group to acquire controlling stake in Elara Technologies
REA Group Ltd, a global online real estate company headquartered in Melbourne, Australia has entered into a binding agreement to acquire a controlling interest in Elara Technologies, which owns and runs Housing.com...
FreshToHome raises $121 million to expand in India, UAE
FreshToHome, a Bengaluru-based online fresh fish and meat retailer, has raised $121 million in Series C funding led by Investment Corporation of Dubai (ICD), the principal investment arm of the Government of Dubai...
Kishore Biyani-led Future Group hints it may challenge arbitration award putting Reliance deal on hold
Future Retail (FRL) said it is not a party to the agreement under which Amazon has invoked arbitration proceedings in Singapore International Arbitration Centre (SIAC) and will take steps to ensure its sell-out plan to...
Jumbotail raises $11 million led by Heron Rock
Jumbotail, an online wholesale marketplace for food and grocery products, has raised $11 million in series B2 round of funding led by Canadian venture capital fund Heron Rock, with participation from Jumbofund, Nexus...
Uber offers more than €1 billion to buy Daimler/BMW’s freenow: Manager Magazin
Ride-hailing firm Uber has offered more than 1 billion euros to buy Daimler and BMW’s joint mobility services company Freenow, Manager Magazin said on Wednesday. While Daimler is ready to sell, BMW’s Chief...
Russian car-share service Delimobil to sell 10% stake in pre-placement before New York IPO: founder
Russian car-sharing provider Delimobil will sell up to a 10% stake to investors in a pre-placement ahead of its planned IPO on the New York Stock Exchange in early 2022, its founder and main shareholder told Reuters...
Food delivery unicorn Zomato raises Rs 379 cr from US investor Kora
Food delivery firm Zomato has raised over Rs 379 crore ($52 million) from US-based investment firm Kora Investments. The infusion happened through Kora Investments I LLC, a company incorporated under the laws of Cayman...
Tata Group looks to tie up with BigBasket for online groceries push: Report
Tata Group is in talks to tie up with online groceries unicorn BigBasket, Financial Times has reported. A decision would taken on the deal by the end of October, the report quoted a person close to discussions. The...
