Brazilian ride-hailing service 99, controlled by China’s Didi Chuxing Technology Co Ltd, has partnered with WhatsApp to accept orders on the chat platform owned by Facebook in a move that would allow users to...
Tata Consumer, Jubilant Food eye up beleaguered Coffee Day Group’s vending business
Tata Group, India’s biggest conglomerate, and Jubilant Food-Works (which owns the franchise for Domino’s and Dunkin’ Donuts in India), are weighing a bid for Coffee Day Group’s hot beverage vending machine business...
Delivery Hero buys Glovo’s Latam operations for 230 million euros
Delivery Hero said it would buy the Latin American operations of Glovo for up to 230 million euros ($272 million), extending the reach of the food delivery group that was recently promoted to Germany’s blue-chip...
Alibaba is in talks to invest $3 billion in Grab
Alibaba Group Holding Ltd. is in talks to invest $3 billion into Southeast Asian ride-hailing giant Grab Holdings Inc., according to people familiar with the matter. The Chinese e-commerce giant, a sole investor in the...
Zomato raises $103 million from Tiger Global, looks to go public by mid-2021
Foodtech unicorn Zomato has raised $103 million from New York-based investment firm Tiger Global Management as part of its ongoing Series-J financing, according to regulatory filings. Zomato Pvt. Ltd. has allotted...
Alibaba in talks to hike stake in Chinese courier YTO Express
Alibaba is in talks with YTO Express Group’s founders to raise its stake in the Chinese courier company with an aim to become the top shareholder, two people told Reuters, as it accelerates consolidation in the world’s...
Zomato raises Rs 184 cr from existing investor; eyes funds from Temasek
Food delivery firm Zomato has raised Rs 184 crore from existing investor Foodie Bay Employees ESOP Trust. The infusion happened through Foodie Bay’s trustee Akriti Chopra, also the chief financial officer of Zomato, by...
Hong Kong building services firm Analogue to cut stake in U.S. unit amid Sino-U.S. tension
Hong Kong building services firm Analogue Holdings Ltd said on Tuesday it will sell 2% of New York-based Transel Elevator & Electric Inc., cutting the 51% stake it agreed to buy only a few months ago to 49%, citing...
Uber to buy UK taxi tech firm Autocab
Uber said on Thursday it was buying the British tech company Autocab, which sells booking and dispatch software to private hire firms, in a move that will allow the taxi app to reach customers where it does not...
Freshworks acquires Flint in third buyout this year
Software-as-a-service (SaaS) unicorn Freshworks Inc. has acquired IT orchestration and cloud management platform Flint to bolster its IT support service portfolio, Freshservice. Through this acquisition, Freshworks aims...
Uber, Postmates agree on $2.65 billion all-stock deal
Uber Technologies Inc.’s board of directors has approved a $2.65 billion acquisition of food delivery rival Postmates Inc. in an all-stock deal, expected to be announced as soon as Monday morning in the U.S., according...
Uber is said to be in talks to buy delivery rival postmates
Uber Technologies Inc. is in talks to purchase Postmates Inc, said a person familiar with the discussions, seeking to expand food delivery services in the US and capitalize on a surge in orders, during the coronavirus...
