Indian e-commerce giant Flipkart has engaged in discussions in recent weeks regarding a potential acquisition of Dunzo, the hyperlocal delivery startup backed by Reliance Retail. However, complexities surrounding...
Ride-hailing firm GoTo denies discussions of merger with Grab
Indonesia’s GoTo, one of Southeast Asia’s biggest ride-hailing companies, said on Tuesday that it was not in any discussion with Grab Holdings about a potential merger. Media reports previously said both...
Advent looks at options for UK parcel delivery firm Evri – sources
Private equity group Advent International is considering options, including a potential sale, for its British parcel delivery service Evri, two sources familiar with the matter said. Advent holds a 75% stake in Evri and...
Italy moves ahead on Poste stake sale in revenue hunt
Italy has approved a decree to sell a stake in postal service Poste Italiane as the government works to raise cash to bolster public finances, Prime Minister Giorgia Meloni’s office said. Debt-laden Italy has...
Italy plans to sell up to 13% stake in Poste Italiane – ministry
Italy plans to sell a stake of up to 13% in postal service group Poste Italiane, its industry ministry told parliament on Tuesday. The stake sale is part of government plans to raise roughly 20 billion euros ($21.67...
Compass buys caterer CH&CO for $600 mln in its biggest European deal to date
British catering company Compass Group agreed to buy rival CH&CO in a deal valuing the Royal Opera House caterer at 475 million pounds ($603.73 million), including debt, marking its biggest acquisition in Europe to...
Grupo Mexico buys 60% of two companies involved in US-Mexico trade
A Grupo Mexico Transportes unit has acquired 60% stakes in two firms providing maritime transportation services of railroad cars between the United States and Mexico, the company said. The stakes are in Golfo de Mexico...
Softbank to cut stake in Zomato, plans full exit
Masayoshi Son-led SoftBank’s fund-SVF Growth (Singapore) Pte. Ltd will sell at least 1.1% stake in food-delivery and restaurant-discovery firm Zomato Ltd for around ₹1,020 crore on 20 October, as the Japanese fund plans...
Tiger Global exits Zomato by selling its remaining stake
Internet Fund III Pte Ltd, the venture capital fund managed by US-based investment management company Tiger Global Management, has sold its remaining stake in Zomato Ltd on Monday via bulk deal on Bombay Stock Exchange...
Aditya Birla Group company buys KA Hospitality
Aditya Birla Group’s hospitality arm, Aditya Birla New Age Hospitality (ABNAH) has acquired a 100% stake in KA Hospitality Private Limited (KAH), the company that owns the home-grown brand CinCin and franchise...
ZappFresh acquires Dr Meat for $3 mn to expand into Bengaluru market
Startup ZappFresh, which sells meat in Delhi-NCR through its online platform, has acquired Dr. Meat in a deal value of USD 3 million as part of its strategy to enter the Bengaluru market. The company has fully acquired...
Swiggy enters retail food and grocery segment with LYNK acquisition
Online food delivery startup Swiggy said it has acquired LYNK Logistics Ltd, a tech-led FMCG retail distribution company, marking its foray into food and grocery retail market. The company did not disclose the financial...
