Bigtree Entertainment Pvt. Ltd, which owns online entertainment ticketing platform BookMyShow.com, is in advanced talks to raise around $50-60 million (approximately Rs320-380 crore) from private equity firm TPG Growth...
End of road for Uber in India? Ola and Uber said to be on merger path
A comment made by Rajeev Misra, a board member of Softbank and about to join the Uber board, triggered a strong buzz on Friday that the Travis Kalanick-founded ride hailing firm may step off the pedal in India. Talks of...
Uber partners with taxi firm ComfortDelGro for new Singapore service
Uber Technologies and Singapore’s top taxi operator ComfortDelGro Corp Ltd will launch a new ride-hailing service in Singapore from Friday, as they team up against their key regional rival Grab. UberFLASH, that will...
Naspers may invest $200 mn in online food-delivery company Swiggy
Naspers Ltd. is in talks to lead an investment of as much as 2.5 billion rand ($200 million) in India’s Swiggy to increase its stake in the online food-delivery company, according to two people familiar with the matter...
Uber ex-CEO Kalanick likely to sell 29% of stake for $1.4 billion
Uber Technologies Inc co-founder Travis Kalanick, who was ousted as chief executive in June, will sell nearly a third of his shares in the ride-services company for about $1.4 billion, a person familiar with the matter...
SoftBank-led consortium to buy 17.5% stake in Uber at $48-bn valuation
A consortium led by SoftBank Group Corp will buy a large number of shares of Uber Technologies Inc in a deal that values the ride-services firm at $48 billion, Uber said on Thursday, in a victory for new Chief...
Uber working on deal to sell Xchange Leasing to Fair: source
Ride-hailing company Uber is working on a deal to sell its U.S. auto-leasing business Xchange Leasing to startup digital car marketplace Fair, according to a person familiar with the matter. Uber Technologies Inc [UBER...
China ride-sharing firm Didi raises $4 billion for global push
Chinese ride-hailing firm Didi Chuxing Technology Co on Thursday said it has raised $4 billion in funds earmarked for expansion overseas and into areas such as artificial intelligence (AI), as it looks to challenge Uber...
Ola acquires Food Panda in India, to invest $200mn into food delivery biz
Online cab aggregator Ola is entering the food delivery space after it announced a deal to acquire Foodpanda’s India business from its parent company DeliveryHero for an undisclosed sum. Ola said it is committing an...
Ola ties up with L&T Hyderabad Metro Limited
Indian cab hailing company Ola has announced a strategic partnership with L&T (Hyderabad) Metro Rail Limited to provide its integrated service, including Ola Money, to the metro rail passengers.The partnership will...
Uber stake sale: Sequoia eyes a bigger pie, Tencent and TPG to also invest
Venture capital firm Sequoia Capital is looking to increase its stake in app-based cab aggregator Uber by aiming to buy shares from employees and other shareholders when the tender offer launches, likely on Wednesday...
SoftBank is said to seek Uber stock at $48 billion valuation
SoftBank Group Corp. and a group of investors are said to be trying to buy a big stake in Uber Technologies Inc. at a sizable discount to the ride-hailing company’s $69 billion valuation, seeking to clinch what would be...
