Uber Technologies Inc plans to move ahead with a deal to bring in Japanese technology company SoftBank Group Corp as a major investor by disclosing the pricing early next week in formal tender offers to the ride-hailing...
Lyft raises additional $500 mn in funding
Uber rival Lyft is raising an additional $500 million in funding, according to a US share authorisation document filed in Delaware news website Axios said. The additional funding round, led by Alphabet’s CapitalG, is an...
Quess Corp owners to raise Rs 680 cr through share sale
Thomas Cook India and Ajit Isaac, promoters of integrated business service provider Quess Corporation, will raise around Rs 680 crore through an offer for sale to meet regulatory requirement on promoter shareholding in...
Paytm invests in Mumbai-based lending startup CreditMate
SoftBank and Alibaba-backed Paytm on Tuesday said it has invested in Mumbai-based lending startup CreditMate. The fintech major, however, did not disclose the investment amount. CreditMate was founded in 2016 by...
Zoomcar in talks to raise $50 million to fund expansion
Self-drive car rental start-up Zoomcar India Pvt. Ltd is in talks to raise $50 million from new and existing investors as it looks to expand to newer cities, two people close to the development said. Zoomcar’s funding...
Quess Corp acquires Tata Business support services for Rs 153 crore
Business services provider Quess Corp acquired Tata Business Support Services (TBSS) for Rs 153 crore on Monday. It will own 51% of the Hyderabad-headquartered company, with Tata Sons holding the remaining stake. The...
We were never in discussions for merger with BigBasket: Grofers
Online grocery firm Grofers India Pvt. Ltd has denied holding merger talks with larger rival BigBasket, run by Supermarket Grocery Supplies Pvt. Ltd, saying “just one meeting about business” last year between the two...
TeamLease acquires 40% stake in Schoolguru for Rs 13 crore
Staffing services firm TeamLease Services today said it has acquired 40 percent stake in online learning company Schoolguru Eduserve Pvt Ltd for Rs 13.53 crore, a move that will accelerate TeamLease’s...
Ola, Microsoft join hands to build connected platform for carmakers
Homegrown app-based cab aggregator Ola is partnering with global technology giant Microsoft to build a new connected vehicle platform for car manufacturers worldwide. As part of this strategic partnership, Ola on...
TeamLease to acquire Evolve Tech, enter telecom staffing
Recruitment firm TeamLease Services today said it will acquire Pune-based Evolve Technologies, a move that will enable it to enter telecom staffing space. TeamLease Services and Evolve Technologies have signed a...
Elior looks at acquisitions to grow India biz with 100 mn euros in funds
Global food and support services industry player Elior has committed over 100 million euros in India as it looks to acquire local food caterers to institutions and corporates and expand into newer markets in the North...
Ola to raise $2 billion in fresh funding from Tencent, SoftBank
India’s largest ride-hailing company, Ola, is in talks with SoftBank and Tencent to raise up to $2 billion in fresh funding at a time when global rival Uber is recovering from a management shakeup that saw founder...
