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...
Internet services provider Excitel raises $11.5 million
Internet services provider Excitel has raised $11.5 million from existing and new investors based out of Europe. The funds will be used for gaining subscriber market share over the next few years, said chief executive...
Netcore acquires 90% stake in Unbxd for $100 mn, plans IPO in a year
Software-as-a-service firm Netcore has acquired 90 per cent stake in artificial intelligence-based product discovery platform Unbxd for USD 100 million to enhance its customer experience technology solutions, a senior...
What does the merger with Blinkit mean for Zomato and its shareholders?
Less than a year after investing $100 million in Blinkit for a 9.3% stake, Zomato is reportedly in talks to merge with the online grocery company in an all-stock deal. Blinkit shareholders will get a 10% stake in Zomato...
Zomato and Blinkit likely to merge in share-swap deal
Online food-delivery platform Zomato has held discussions to acquire Blinkit, formerly Grofers, in a share-swap deal, multiple people briefed on the matter said. This comes on the back of Zomato investing $100 million...
Licious raises $150 mn to invest in technology and strategic acquisitions
Licious, India’s largest tech-first, fresh animal protein brand, has raised $150 million in a Series F2 funding round. This round of fundraise comes just 6 months after the company became the first direct-to-consumer...
Ola eyes NBFC acquisition to expand financial services business: Report
IPO-bound Ola is looking to expand its financial services business and also obtain an NBFC licence through the acquisition route, sources said. Ola is said to be in talks to acquire at least 3 companies to augment its...
Swiggy is in talks to acquire table booking app Dineout
Food aggregator Swiggy is in early talks with Times Internet-backed Dineout, three people aware of the discussions said. The food delivery app is exploring either a complete or partial buyout of the restaurant...
