Flipkart co-founder Sachin Bansal has invested about Rs 650 crore in Ola, giving the Indian ride-hailing company more ammunition to compete with rival Uber. The investment is in Sachin’s personal capacity and is...
KKR, General Atlantic may invest in PhonePe
Private equity (PE) firms KKR & Co. and General Atlantic LLC have expressed interest in investing in Flipkart’s digital payments arm, PhonePe Pvt. Ltd, two people familiar with the matter said. Some existing...
Swiggy acquires AI start-up Kint.io
Online food delivery start-up Swiggy has made its first acqui-hire in the deep technology space through an AI start-up Kint.io for an undisclosed amount. As part of this, the founding team of Kint.io will join Swiggy...
Go-Jek raises $1 billion in round led by Google, Tencent, JD
Indonesian ride-hailing firm Go-Jek has raised around $1 billion in a funding round, led by Alphabet Inc’s Google, JD.com Inc and Tencent Holdings, sources familiar with the matter said on Friday. Google, Tencent and JD...
Paytm enters hotel booking business, buys NightStay
Paytm has launched hotel bookings on its platform and acquired NightStay, which offers deals on last-minute bookings at luxury hotels, as the Alibaba-backed payments and ecommerce company expands its travel business...
Kuwait Finance House offers 17 pct premium in merger deal with Bahrain’s AUB
Kuwait Finance House agreed the terms of its merger with Bahrain’s Ahli United Bank , the two banks said in a statement on Thursday, ahead of the first major cross-border bank deal in the Gulf region. Bahrain’s Ahli...
Yellow Tie hospitality gobbles up Bombay Blue
Restaurant franchise management company Yellow Tie Hospitality Management, has acquired casual dining brand Bombay Blue from Everstone Equity-owned Blue Foods for an undisclosed amount. Yellow Tie Hospitality operates...
WayCool Foods raises ₹120 crore in equity, debt funding
WayCool Foods and Products Pvt. Ltd, which supplies food and agricultural produce, has raised ₹120 crore in equity and debt from impact investors such as UK-based LGT Impact Ventures, Caspian Impact Investment Advisor...
Flipkart founder Sachin Bansal invests Rs 650 crore in Ola
Flipkart co-founder Sachin Bansal has pumped in about Rs 650 crore in ride-hailing platform Ola, according to documents filed with the Corporate Affairs Ministry. “… 70,588 fully and compulsorily...
Ola raises Rs 520 crore from HK-based hedge fund Steadview Capital
Ride-hailing company Ola has raised Rs 520.79 crore ($74 million) in a funding round from Hong Kong-based hedge fund Steadview Capital, an existing investor in the Bengaluru-based company. This raises Ola’s valuation to...
Eyeing drone delivery, Zomato buys TechEagle
Food aggregator and delivery provider Zomato on Wednesday said it has acquired TechEagle Innovations, a Lucknow-based startup that works exclusively on drones. Zomato said the acquisition will help the company develop...
Acquisitions on the menu at Swiggy, Zomato and other food-tech startups
Food delivery startups Swiggy and Zomato are scouting for acquisitions. While Zomato announced the purchase of drone startup TechEagle, Naspers-backed Swiggy is in early talks with several companies for possible...
