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...
Postmates revives IPO plans amid takeover interest
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...
