PC and printer major HP Inc on Monday announced the completion of its $3.3 billion acquisition of Poly, a leading global provider of workplace collaboration solutions. The deal is expected to accelerate HP’s...
Sequoia Capital pares stake in Zomato
Sequoia Capital India has pared its stake in Zomato Ltd by selling shares in the open market, joining Tiger Global, Uber and Moore Strategic Ventures among investors who have either fully or partially sold their...
Just Eat Takeaway soars on $1.8 billion iFood stake sale to Prosus
Just Eat Takeaway shares jumped as much as 40% after the loss-making company boosted its finances by agreeing to sell its stake in Brazil’s iFood to technology investor Prosus for up to 1.8 billion euros ($1.8...
‘Would never acquire a loss-making business’: Ola CEO on merger with Uber
Amid reports of cab aggregator rivals Ola and Uber being in talks for a possible merger, Ola’s co-founder and CEO Bhavish Aggarwal said that there has been no such conversation and Ola’s ride-hailing business is very...
Tiger Global sells 2.34% stake in Zomato, sells 185 million shares
Zomato said investment firm Tiger Global has reduced its stake in the company by almost half to 2.77 per cent by selling over 18.45 crore shares in the open market. Tiger Global’s Internet Fund VI Pte Ltd had a...
Uber sells 7.8% stake in Zomato via block deals
Uber Technologies exited its entire 7.8% stake in food delivery platform Zomato by selling 612 million shares through multiple block deals on Wednesday. The American mobility service provider raised around ₹3,088 crore...
Uber Technologies likely to sell 7.8% stake in Zomato through block deal
Uber Technologies is likely to sell its 7.8% stake in online food ordering platform Zomato through a block deal on Wednesday to raise up to Rs 3,300 crore ($420 million), according to a term sheet issued by BofA...
Will never merge: Ola CEO rubbishes reports of merger talks with Uber
Ola founder and CEO Bhavish Aggarwal has rubbished reports in a section of media about the company being in talks with Uber for a possible merger. Bhavish Aggarwal said in a tweet that Ola is very profitable and growing...
Australian carrier Rex to buy Cobham Aviation’s mining charter service unit
Australian carrier Regional Express said its unit would buy aviation operator Cobham’s fly-in fly-out (FIFO) business National Jet Express (NJE) for A$48 million ($32.41 million), marking its entry into the...
Blinkit on Zomato Plate: Board OKs Rs 4,447cr Deal
Food delivery app Zomato’s board has approved its acquisition of quick commerce startup Blinkit (formerly Grofers) for 4,447 crore (about $570 million) in an all-stock deal. The transaction value is 40% lower than...
Zomato board likely to approve Blinkit acquisition on Friday
The Zomato board of directors will meet on June 24 and will likely approve the acquisition of Blinkit, a quick commerce startup, according to a filing with the National Stock Exchange. The filing, however, did not name...
Swiggy enters high-end dining market with acquisition of Dineout
Online food delivery platform Swiggy announced it has acquired Dineout, a dining out and restaurant tech platform, for an undisclosed sum. Dineout, which serves millions across its network of 50,000 restaurants in 20...
