FarEye, a logistics SaaS (software-as-a-service) platform, announced a Series D investment of $25 million led by M12 (Microsoft’s venture fund), Eight Roads Ventures and Honeywell Ventures. Existing investor SAIF...
Zomato denies Grofers acquisition talks as e-grocery enters top gear
Food delivery platform Zomato on Tuesday refuted reports that the company is in talks with Gurugram-based grocery delivery platform Grofers to acquire it for nearly $750 million. Flush with funds, Zomato has partnered...
Zomato may buy Grofers in all-stock deal amid buzz of possible merger
Zomato and Grofers are believed to have held preliminary talks over a potential merger according to sources, but a deal has not materialised because of the current coronavirus disease (Covid-19) pandemic. Reports of a...
Lockdown: Zomato, Zoomcar partner with Godrej for delivery of essentials
FMCG major Godrej Consumer Products Limited (GCPL) on Thursday announced partnership with food delivery app Zomato, B2B supply chain startup ShopKirana and car rental company Zoomcar for delivery of essential goods...
Brazil delivery startup iFood buys Colombian rival Domicilios.com
Brazil delivery startup iFood on Wednesday announced it had bought a controlling stake in Colombian rival Domicilios.com as it expands in the region and targets Rappi, the largest delivery company based in South America...
Swiggy raises $43 million to expand new businesses
Online food delivery platform Swiggy on Monday raised $43 million from a clutch of investors, including Samsung Ventures, as part of its ongoing Series I round to develop and expand its new businesses. Ark Impact, Korea...
Uber partners with Bigbasket to deliver essentials to customers
Ride-hailing firm Uber India has launched a last mile delivery service and partnered with online grocery firm Bigbasket, to deliver essentials to customers at their doorstep during the countrywide lockdown. This will...
Bigbasket acquires Bengaluru-based milk delivery app
Online grocery delivery startup Bigbasket on Monday said that it has acquired 100% stake in Bengaluru-based milk delivery app DailyNinja. The online grocery platform has paid around $15-20 million for the acquisition, a...
Air taxi startup Lilium raises $240 million despite coronavirus scare
German air taxi startup Lilium said on Monday it had raised $240 million in additional funding from existing backers led by China’s Tencent, completing the investment round at a higher valuation despite the coronavirus...
Airbnb fields interest from investors seeking a stake: sources
Airbnb Inc has received inquiries from potential investors who want to acquire a stake in the U.S. home rental company in the wake of the coronavirus outbreak, people familiar with the matter said on Thursday. The...
Invitae Acquires Diploid, Maker Of AI Engine To Enable Clinical Diagnosis Using Whole Genome Sequencing In Minutes
* INVITAE ACQUIRES DIPLOID, MAKER OF ARTIFICIAL-INTELLIGENCE ENGINE TO ENABLE CLINICAL DIAGNOSIS USING WHOLE GENOME SEQUENCING IN MINUTES * INVITAE CORP – WILL ACQUIRE DIPLOID FOR APPROXIMATELY $95 MILLION *...
Creditors of KSK Energy Ventures pass a resolution for its liquidation
The Committee of Creditors of independent power company KSK Energy Ventures Limited has recommended liquidation of the company after the failure to secure any resolution plan under the insolvency procedure. During a...
