Bengaluru-based start-up Bounce, on Thursday, announced that it had raised an additional $105 million (₹746.33 crore) in its Series-D funding round. The funding was co-led by existing investors Eduardo Saverin from B...
Concept buys 51% stake in marketing firm Lastmile Solutions
While Suchanti declined to share details, he confirmed to ET that it’s a part debt and equity deal, and Concept would infuse capital for growth. “The deal is engineered in a way where we will be scaling up business by...
Realty, infra sectors drive buyouts deals to a record high in 2019
Buyout deals dominated private equity (PE) and venture capital (VC) investments in India last year, hitting a record high in both volume and value. In 2019, there were 58 transactions worth $16.2 billion, compared with...
Zomato acquires Uber Eats business in India to consolidate position
Zomato, the online food delivery and restaurant aggregator platform, on Wednesday announced that it has acquired Uber Eats’ business in India in an all-stock deal that will see the ride hailing company’s food...
Zoomcar raises $30 million from Sony fund, others in fresh round
Self-drive car rental platform Zoomcar has raised $30 million in its ongoing Series D round led by Sony Innovation Fund, and other existing investors, it said on Monday. The Bengaluru-based mobility startup plans to...
Delivery Hero issues convertibles, shares to fund Woowa deal
Food delivery group Delivery Hero on Wednesday said it would issue convertible bonds worth a total 1.5 billion euros ($1.7 billion) and issue up to 8.16 million new shares, which would be worth 579 million at the...
Zomato to raise $150 million from investor Ant Financial
Zomato is raising $150 million from investor Ant Financial, an Alibaba affiliate, at a valuation of $3 billion for the food delivery startup. Zomato’s top shareholder Info Edge (India) Ltd said in a filing on...
Grubhub denies reports of sale process
Online food delivery company Grubhub Inc said on Thursday there is no sale process, denying reports that it is considering strategic options that include a possible sale or an acquisition. “We felt it was important to...
Grubhub considers strategic options, including possible sale – WSJ
Online food delivery company GrubHub Inc is considering strategic options that include a possible sale or an acquisition, the Wall Street Journal reported here on Wednesday, citing people familiar with the matter...
Chiratae, Sequoia lead funding round in GoMechanic
Gurugram-based vehicle service and repair startup GoMechanic has raised ₹105 crore in Series-B funding led by Chiratae Ventures and Sequoia Capital with Orios Venture Partners also participating in the fundraise...
Egypt competition watchdog approves Uber acquisition of Careem with conditions
The Egyptian Competition Authority (ECA) said on Sunday it had approved ride-hailing group Uber’s acquisition of former regional rival Careem after the regulator agreed to a set of commitments proposed by the U.S.-based...
Delivery Hero to buy South Korea’s Woowa Brothers for $4 billion
German food delivery company Delivery Hero has agreed to acquire its South Korean rival Woowa Brothers for $4 billion, Woowa Brothers said in a statement on Friday. Woowa Brothers said the companies will also create a...
