Hyperlocal on-demand delivery startup Dunzo is in talks with new investors to raise approximately $50 million, according to two people familiar with the matter. The company is looking to raise capital to remain...
UDS buys 75% stake in Matrix Business to expand portfolio
Facilities management provider Updater Services Pvt. Ltd (UDS) has bought a 75% stake in Matrix Business Services, which operates in the business assurance and background verification segment, UDS said on Wednesday. It...
Tiger Global looks to invest in five SaaS firms in May
Tiger Global Management is likely to invest in as many as five SaaS (software-as-a-service) companies in India in May including Locus, a logistics management software company, two people familiar with the development...
Uber nears investment deal for self-driving car unit: WSJ
Uber Technologies Inc is nearing a deal with a group, including SoftBank Group Corp, to invest in its self-driving car unit to be valued at $7.25 billion, the Wall Street Journal reported on Wednesday, citing people...
Publicis buys Epsilon for over $4 billion in digital push
Publicis Groupe agreed to buy digital marketing firm Epsilon from Alliance Data Systems for $4.4 billion in cash, propelling the French advertising group further beyond a weakening conventional ad business in its...
Dunzo set to raise Rs 80 crore from Google, others in fresh funding
Alphabet’s Google, along with investors such as Alteria Capital, Blume Ventures, and Greyhound Capital (a new investor), are investing Rs 80 crore in delivery start-up Dunzo. The proceeds are expected to help the firm...
Mahindra said to lead $500 million Zoomcar funding round
Self-drive car rental platform Zoomcar (ZoomCar India Pvt. Ltd) is in talks to raise around $500 million in a fresh funding round led by automaker Mahindra and Mahindra Ltd, said two people aware of the development. The...
Uber buys rival Careem in $3.1 bn deal to dominate ride-hailing in West Asia
Global ride-hailing firm Uber Technologies Inc will spend $3.1 billion to acquire West Asia rival Careem, buying dominance in a competitive region ahead of a hotly anticipated initial public offering. Uber said late...
$3.1 billion Uber-Careem deal to be announced this week
Uber Technologies Inc. is set to announce a $3.1 billion cash-and-share deal to acquire its Dubai-based rival Careem Networks FZ as early as this week, according to people with knowledge of the matter. The US ride...
Swiggy tightens control of its board amid plans to buy Uber Eats
Ahead of a possible acquisition of Uber Eats by Swiggy, the latter has made changes to its articles of association to possibly avoid ceding control to investors of Uber Technologies Inc. in the future. Bundl...
Grab eyes more funding, after raising $4.5 billion in SE Asia’s largest round
Grab Inc. is considering raising more funds from strategic investors, the president of Southeast Asia’s top ride-hailing firm said, after raking in over $4.5 billion in the region’s largest private financing...
DailyNinja looking to raise up to $20 million in fresh funding
Sequoia Capital-backed milk and grocery delivery startup DailyNinja, is in early talks to raise $18-20 million ( ₹128-140 crore) in fresh funding, as it seeks to become the leader in a hotly contested space that has...
