Postmates Inc has revived plans for an initial public offering following dealmaking in the U.S. online food delivery service sector that sparked acquisition interest in the company, according to people familiar with the...
UK watchdog affirms provisional blessing for Amazon’s Deliveroo deal
Britain’s competition regulator has affirmed its provisional clearance of Amazon’s purchase of a 16% stake in online delivery group Deliveroo but changed the basis of its approval, having reviewed submissions from...
Drone start-up TechEagle to part ways with Zomato, venture into health care
TechEagle, the drone manufacturer and consultant start-up Zomato acquired in December 2018, has decided to part ways with the food delivery firm and said it will venture into the healthcare sector. “It was well thought...
Milkbasket raises $5.5 million funding led by Inflection Point Ventures
Grocery delivery platform Milkbasket on Monday said it has closed a fresh round of investment of USD 5.5 million (around ₹41 crore) led by Inflection Point Ventures. Existing investors Blume Ventures, Kalaari Capital...
Bankrupt Hertz to seize on speculation frenzy with $1 billion stock sale
Hertz Global Holdings Inc said it won bankruptcy court approval on Friday to sell up to $1 billion in stock, capitalizing on a remarkable rally in its shares driven by speculators defying conventional market wisdom...
Europe’s Just Eat Takeaway to buy Grubhub for $7.3 bn in all-stock deal
European food-ordering firm Just Eat Takeaway.com NV said on Wednesday it had agreed to buy US peer Grubhub Inc in an all-stock deal that, if completed, would create the world’s largest food delivery company...
UK watchdog extends deadline for final ruling on Amazon’s Deliveroo deal
Britain’s competition regulator has given itself two more months to make a final ruling on Amazon’s purchase of a minority stake in online delivery group Deliveroo so it can take full account of representations from all...
Grubhub receives takeover interest from Just Eat Takeaway, Delivery Hero: CNBC
Grubhub Inc has received takeover interest from at least two European companies, Delivery Hero SE and Just Eat Takeaway.com NV, CNBC reported on Friday, citing people familiar with the matter. Shares of Grubhub, which...
Zomato partners Singapore tourism board to host food event Zomaland digitally
Zomato on Tuesday announced that it will host its flagship food and entertainment event Zomaland on a digital platform. The digital carnival titled Zomaland@Home will feature a curation of shows with talents from the...
WhatsApp, PayPal invest in Indonesian super app Gojek
Facebook Inc messaging platform WhatsApp and PayPal Holdings Inc on Wednesday said they have invested in payment, food delivery and ride-hailing app operator Gojek as part of the Indonesian firm’s ongoing fundraising...
Alibaba-backed BigBasket eyes up to $200 million in new fundraise
Online grocer BigBasket is planning to raise around $150-200 million, two people aware of the development said, as the coronavirus outbreak and the nationwide lockdown are expected to boost online grocery sales. Supply...
Four Democratic U.S. senators warn against Uber buying Grubhub
Four Democratic lawmakers, led by Senator Amy Klobuchar, wrote to antitrust enforcers on Wednesday to warn that plans by Uber Technologies Inc, owner of Uber Eats, to buy rival online food delivery company Grubhub Inc...
