Home services start-up UrbanClap Technologies India Pvt. Ltd has raised $50 million in a Series D funding round led by Steadview Capital Management and existing investor Vy Capital that will help the company establish...
Drivezy raises $20 million in funding round led by Das Capital
Car and bike rental platform Drivezy on Wednesday said it has raised $20 million in a Series B round led by existing investor Das Capital, an early-stage venture capital firm founded by serial entrepreneur Shinji Kimura...
WPP to merge JWT with Wunderman to create new creative, data and tech agency
In a move that shows the changing dynamics of the business, WPP on Monday merged two of its agencies – Wunderman and J. Walter Thompson – to form Wunderman Thompson, a creative, data and technology agency. WPP...
ZipGo buys Supreme Trans Concepts to expand in Mumbai
Bus aggregator ZipGo Technologies Pvt. Ltd has acquired Supreme Trans Concepts Pvt. Ltd to expand its services in Mumbai and enter the Pune market. Prashant Mohite, chief executive officer (CEO) of Supreme Trans...
Naspers Ltd plans to increase its stake in Swiggy, to invest $2 billion
Naspers Ltd. is planning to increase its stake in Indian online food-delivery business Swiggy as the startup plots its third fund-raising round of the year, according to people familiar with the matter. Africa’s largest...
Uber to appeal Singapore’s competition watchdog decision on Grab deal
Uber Technologies Inc has decided to appeal a decision by the Singapore competition regulator that its merger with regional rival Grab violated the city-state’s competition laws, the firm said on Monday. “Our objective...
Uber IPO proposals value company at $120 billion: WSJ
Ride-hailing company Uber Technologies Inc [UBER.UL] could be valued at $120 billion, when it finally goes public next year according to proposals made by U.S. banks bidding to run the offering, the Wall Street Journal...
Ola’s Foodpanda buys Holachef, looks to enter cloud kitchens
Foodpanda, the online food ordering and delivery startup owned by Ola, has acquired Mumbai-based, food-tech startup Holachef Hospitality Pvt. Ltd for an undisclosed sum, the company said in a statement on Tuesday...
Ride-hailing firm Careem purchases Commut app
United Arab Emirates-based ride-hailing app Careem said on Monday it has acquired Commut, the Hyderabad-based mass transportation app. Careem did not disclose the size of the deal, which it said would accelerate its...
Singapore competition watchdog fines Grab, Uber $9.5 million over merger
Singapore’s anti-trust watchdog fined ride-hailing firms Grab and Uber a combined S$13 million ($9.5 million) over their merger deal, and ordered Uber to sell vehicles from its local leasing business to any rival that...
Uber in talks to buy food delivery firm Deliveroo: Bloomberg
Ride-hailing company Uber Technologies Inc [UBER.UL] is in early talks to buy food delivery company Deliveroo, Bloomberg reported on Thursday, citing people familiar with the matter. The value of the deal is not known...
Uber is said in talks to acquire Dubai ride hailing firm Careem
Uber Technologies Inc. is in discussions to buy its Dubai-based rival Careem Networks FZ as the ride-hailing giant expands in the Middle East, people familiar with the matter said. A deal could value Careem at $2...
