Uber sold its Indian food delivery business to Zomato for $206 million, the US-based firm said in its annual report, filed with the US Securities and Exchange Commission on Monday. “The estimated fair value of the...
Ixigo invests in gogoBus mobility startup, enters bus-booking segment
Travel tech start-up Ixigo on Tuesday said it has invested an undisclosed sum of money in inter-city mobility company gogoBus. The deal will be followed by a $500,000 round in gogoBus from other investors, Ixigo founder...
Just Eat Takeaway takes action against Delivery Hero over stake
Online food delivery company Just Eat Takeaway said on Monday it had started arbitration proceedings against a move by rival Delivery Hero to increase its stake in the company because it said it broke a standstill...
Jeff Bezos teams up with Narayana Murthy to enter India’s food delivery biz
Amazon is all set to start its food delivery business in India from Bengaluru next month, says a news report in The Economic Times. The launch of the service, which would be offered as part of either Amazon’s Prime Now...
Lyft buys digital car-top advertising startup Halo Cars
Lyft Inc has bought U.S.-based startup Halo Cars, which allows drivers to make money through digital advertisements displayed on top of their vehicles. The deal, first reported by Axios, was confirmed by the ride...
Swiggy raises $112 mn funding led by Naspers from existing investors
Bundl Technologies, the parent company of food delivery firm Swiggy has raised $112 million from existing investors including South African conglomerate Naspers. The other investors include – Hadley Harbour Master...
Onsitego raises $19 million from Zodius, Accel
After-sales service firm Onsitego on Monday said it has raised $19 million led by Zodius Growth Fund with participation from existing investor, Accel Partners. The fund will be used to pivot to a more business-to...
Delivery Hero to buy 8.4 million additional shares of Just Eat Takeaway.com
Germany-based food delivery group Delivery Hero SE said on Wednesday it will buy 8.4 million additional shares of Just Eat Takeaway.com by entering into a forward share purchase agreement. Food delivery giant Just Eat...
Takeaway buys Just Eat for $7.8 billion, must wait to merge operations
Dutch online food ordering company Takeaway.com on Friday declared its $7.8 billion takeover of British peer Just Eat unconditional, though the two companies still need a competition authority’s approval before merging...
Bizongo raises funds in round led by Switzerland’s Schroder Adveq
Bizongo, an online marketplace for packaging products, on Monday said it has raised $30 million in a Series C funding round, led by Swiss hedge fund Schroder Adveq. Bizongo raised $22 million as part of its Series B...
ISS recommends against Instructure’s proposed sale to Thoma Bravo
Four investment firms opposing the sale of U.S. educational software company Instructure Inc (INST.N) to private equity firm Thoma Bravo picked up support on Monday when an influential proxy advisory firm came out...
Crysta raises ₹10-crore funding
Crysta has raised ₹10 crore in a Pre-Series A funding round led by the family office of Ruchirans and Anuraag Jaipuria. The investors also including Mumbai-based Green Shots Capital and Alfa Ventures, Delhi-based Real...
