Enterprise Holdings Inc has bought a 20 percent stake in Brazilian car rental service Unidas SA, the Brazilian company said in a securities filing on Monday. Enterprise Holdings Brazil, LLC, an affiliate of Enterprise...
Zoomcar raises funds from Chinese VC firm Cyber Carrier
Self-drive car rental start-up Zoomcar has raised an undisclosed amount from Chinese venture capital firm Cyber Carrier CL as an extension of its Series B round, the company said in a statement on Tuesday. The company...
Ride-hailing firm Uber partners Indonesian taxi operator Express
Uber Technologies [UBER.UL] and Indonesia’s second-biggest taxi operator PT Express Transindo Utama Tbk announced on Monday a partnership on ride-sharing and vehicle financing. The deal will give Uber, which...
Delivery Hero acquires Rocket Internet-backed start-up Foodpanda
Delivery Hero Holding GmbH is acquiring Foodpanda, bringing together two top food delivery start-ups based in Germany. Rocket Internet SE, a backer of both companies, said the combined business will process more than 20...
Kickstart Cabs looks to raise additional funding
Bengaluru: When Vidhya Ramasubban and Srikrish Siva decided to set up a cab service for people with locomotor disabilities, one of the things they had to grapple with was a variant of the old ‘what came first, the...
Yellow Tie Hospitality plans to pump in Rs100 crore over 5 years
Kolkata: Food and beverages franchise management company Yellow Tie Hospitality is planning to pump in Rs100 crore over the next five years in India. “We are looking to invest Rs100 crore over the next five years...
Baidu to seek up to $500 million for delivery start-up
New York/Hong Kong: Baidu Inc. is seeking to raise as much as $500 million for its Waimai food delivery unit amid a costly battle with other Chinese Internet giants for customers, according to people familiar with the...
JustRide raises $3 million from group of global investors
Mumbai-based JustRide, a car rental start-up that allows people to lease out their personal vehicles, has secured $3 million in a bridge round from a group of global investors as well as a trio of Y Combinator partners...
BlackBerry in talks with Optiemus
NEW DELHI: BlackBerry is in advanced talks with India’s OptiemusBSE 9.96 % Infracom to license its software, services, and brand for producing smartphones for the local market, people aware of the development said. The...
Legal tussles, valuation mismatch take a toll on M&A activity in hospitality sector
Mergers and acquisition (M&A) deals in the hospitality sector haven’t picked up this year as legal issues plague properties and buyers and sellers can’t agree on valuations. Only 12 M&A and private equity deals...
Ola said to be in talks to raise $600 million
Bengaluru: India’s largest ride-hailing start-up, Ola, is in talks to raise about $600 million and may close the deal by year-end, as it seeks to counter an increasingly aggressive Uber Technologies Inc. in the coveted...
GE in discussion with Baker Hughes on potential partnerships
General Electric Co (GE.N) said on Thursday it was in discussion with the No. 3 oilfield services provider Baker Hughes Inc (BHI.N) on potential partnerships. “While nothing is concluded, none of these options...
