Masayoshi Son-led SoftBank’s fund-SVF Growth (Singapore) Pte. Ltd will sell at least 1.1% stake in food-delivery and restaurant-discovery firm Zomato Ltd for around ₹1,020 crore on 20 October, as the Japanese fund plans...
Tiger Global exits Zomato by selling its remaining stake
Internet Fund III Pte Ltd, the venture capital fund managed by US-based investment management company Tiger Global Management, has sold its remaining stake in Zomato Ltd on Monday via bulk deal on Bombay Stock Exchange...
Aditya Birla Group company buys KA Hospitality
Aditya Birla Group’s hospitality arm, Aditya Birla New Age Hospitality (ABNAH) has acquired a 100% stake in KA Hospitality Private Limited (KAH), the company that owns the home-grown brand CinCin and franchise...
ZappFresh acquires Dr Meat for $3 mn to expand into Bengaluru market
Startup ZappFresh, which sells meat in Delhi-NCR through its online platform, has acquired Dr. Meat in a deal value of USD 3 million as part of its strategy to enter the Bengaluru market. The company has fully acquired...
Swiggy enters retail food and grocery segment with LYNK acquisition
Online food delivery startup Swiggy said it has acquired LYNK Logistics Ltd, a tech-led FMCG retail distribution company, marking its foray into food and grocery retail market. The company did not disclose the financial...
Grocery app Getir in talks to take over German rival Flink – FT
Turkish delivery app Getir is in talks to take over German rival Flink in a key step toward consolidation in Europe’s food delivery market, where companies are battling a slowdown after COVID-19, the Financial...
UK funeral service provider Dignity agrees to $349 mln takeover
Funeral services provider Dignity Plc has agreed to a sweetened 281 million pound ($349 million) takeover by a consortium backed by investment firms SPWOne V Ltd, Castelnau Group and Phoenix Asset Management Partners...
EY India acquires eBorn Consulting
EY has acquired eBorn Consulting Private Limited, a SAP solutions provider, to strengthen its technology consulting practice as client demand for tech transformation services has increased multifold after the Covid-19...
Everstone Capital, Goldman Sachs acquire Cprime
Everstone Group’s private equity arm Everstone Capital, along with Goldman Sachs Asset Management, has acquired Cprime, an information technology services management company. Financial details of the transaction weren’t...
Australia blocks Telstra-TPG wireless internet deal, sparking legal fight
Australia’s antitrust regulator blocked an asset transfer deal between Telstra and TPG, the country’s No.1 and No.2 wireless internet firms, citing competition concerns, setting the scene for a legal battle...
Promoter Reliance Retail to sell 2% stake in Just Dial
Promoter Reliance Retail Ventures plans to sell 2% stake in Just Dial through the open market by the end of this month in order to comply with regulatory requirements. Promoter and promoter group entities together hold...
Getir buys fast grocery rival Gorillas in $1.2 bln deal
Turkish delivery company Getir has bought German rival Gorillas in a deal worth $1.2 billion that will merge two of the remaining companies in Europe promising groceries in minutes. Serkan Borancili, who founded...
