Just Eat rejected a raised takeover offer from Dutch-based technology group Prosus on Tuesday because it significantly undervalued the company and said it continued to back a rival all-share offer from Takeaway.com...
Just Eat takeover battle hots up with fresh $6.5 billion Prosus bid
Prosus raised its unsolicited cash offer for British food delivery service Just Eat to $6.5 billion on Monday, ratcheting up the pressure on rival bidder Takeaway in their bitter takeover battle. The Dutch-based...
Takeaway defends Just Eat bid, says Prosus trying to buy it on cheap
Dutch meal delivery firm Takeaway.com defended its $6.1 billion all-share offer for Just Eat on Tuesday, saying rival cash bidder Prosus was trying to buy the British company “on the cheap”, even though its bid is...
CarDekho acquires online car classifieds site Carmudi Philippines
Online car marketplace CarDekho on Thursday announced it has acquired Carmudi, an online car classifieds website in The Philippines, to expand its services across southeast Asia. Philippines is the 2nd southeast Asian...
Spinny looks to raise fresh funds in round that values it at $150 mn
Online used car retailer Spinny is closing a $50 million funding round with three new investors coming into an oversubscribed round, despite a wide-ranging automobile sales slump in India. The new investors include...
Shuttl raises $18 million in Series C, plans to expand its presence across India
App-based bus aggregator Shuttl on Monday raised $18 million from SPARX Group (through its Mirai Creation Fund II) and Toyota Tsusho Corporation, as part of its Series C round of funding. Shuttl, which has been on an...
Scooter rental startup Vogo eyes $40 million from round led by Aspada, Mirae
Scooter rental startup Vogo is in talks to raise $40 million in an equity funding round led by Lightstone Aspada, along with Korean investor Mirae Asset Management, three people directly aware of the matter said...
Zomato denies merger talks with rival Swiggy
As merger reports of Bengaluru-based Swiggy and Gurugram-based Zomato — two biggest players in the burgeoning online food delivery market — resurfaced, Deepinder Goyal-led Zomato on Tuesday refuted reports...
Warburg Pincus sells airline services firm Accelya to Vista
U.S. buyout fund Warburg Pincus said on Monday that it had clinched a deal to sell its European airline services firm Accelya to rival private equity fund Vista Equity Partners for an undisclosed amount. The deal, which...
Info Edge refutes report, says not selling stake in Zomato
Info Edge (India) Ltd has refuted a media report that claimed the company may be considering selling its stake in food delivery platform Zomato by April-May next year. In a letter addressed to the BSE Ltd and the...
Uber India raises Rs 2,539 crore from its parent entity Uber BV
Uber India has raised Rs 2,539 crore from its parent entity Uber BV (the Netherlands). The Indian subsidiary has also moved data of its business and individual users (from its rides and Eats platforms) from Uber BV to...
Ola in advanced talks with Microsoft for $200 million funding: Report
Ride-hailing major Ola is in advanced talks with tech giant Microsoft to raise about $150-200 million (about ₹1,050-1,400 crore) in funding, according to sources. The discussions are at an advanced stage and likely to...
