US-based retail giant Walmart could join Facebook, Google and Amazon in securing a part ownership in one of the upcoming new umbrella entities (NUEs) vying to become the country’s next big retail payment network. People...
Pandemic-hit Uber sells its self-driving unit to Aurora
Uber is selling off its autonomous vehicles development arm as the ride-hailing company slims down after its revenues were pummeled by the coronavirus pandemic. Self-driving vehicle technology company Aurora will...
Uber in advanced talks to sell air taxi unit: Axios
Uber Technologies is in advanced talks to sell its air taxi business, “Uber Elevate”, to aerospace firm Joby Aviation, news website Axios reported on Wednesday, citing sources. Uber did not immediately...
Tata nears deal to buy BigBasket for $1.3 bn
The Tata group is in advanced talks to buy around 80% in BigBasket for around $1.3 billion, valuing India’s largest online grocer at around $1.6 billion, three people with direct knowledge of the development said. After...
Let’s Dive raises $1.7 million from Sequoia India’s Surge
Let’s Dive, a Software as a Service (SaaS) platform providing remote employee engagement, announced today it has raised $1.7 million from Sequoia India’s Surge. Currently being used by Facebook, Swiggy and...
App-based bus service provider Cityflo raises $8 mn led by Lightbox Ventures
Cityflo, an app-based bus service provider, has raised ₹57 crore ($8 million) in Series A funding led by Lightbox Ventures along with existing investors India Quotient among others. The Mumbai-based company said it will...
Varde Partners to acquire two commercial assets in NCR at over Rs 1,000 crore
US-based Varde Partners is in talks with New Vernon Capital to acquire two commercial buildings in Gurugram and Noida, three persons with direct knowledge of the deal said. The deal is expected to be worth more than Rs...
Uber in talks to sell its ATG self-driving unit to Aurora – Report
Uber Technologies Inc is in talks to sell its autonomous driving unit, Uber Advanced Technologies 8(ATG), to self-driving car startup Aurora, a source familiar with the matter told Reuters. The talks are still ongoing...
U.S. Justice Department clears Uber-Postmates deal: Axios
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...
