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...
Prospect Partners merges its business with CxSearch Global Partners
CxSearch Global Partners, a retained executive search and leadership advisory firm, has merged with it the business of boutique search firm Prospect Partners. Kumar Krishnan, who founded Prospect Partners, now joins...
Zomato to invest in 2 tech companies, to buy stakes in Adonmo & UrbanPiper Tech
Food delivery platform Zomato announced that its board at its meeting held on Thursday has approved the investments in two Indian companies – Adonmo Private Limited and UrbanPiper Technology Private Limited. The...
Indiamart acquires accounting platform Busy Infotech for Rs 500 crore
Intermesh Ltd., a business-to-business marketplace, has agreed to acquire 100% of accounting platform Busy Infotech Pvt. Ltd. for Rs 500 crore. The B2B company is also participating in the Series B funding round of...
Bain Capital weighs bid for stake in Sodexo benefits unit – sources
Bain Capital is looking to bid for a stake in the benefits and rewards services unit of French food caterer Sodexo as the Paris-listed firm is on the lookout for investors that could help fund the group’s...
Curefoods raises $62 mn from Iron Pillar, Binny Bansal, others
Curefoods Pvt Ltd, a cloud kitchen startup floated by Cure.fit co-founder Ankit Nagori, has announced $62 million fundraising from existing investors Iron Pillar, Chiratae Ventures, Sixteenth Street Capital, Accel...
Delivery Hero sells part of its stake in Rappi
German food delivery group Delivery Hero said on Monday it had sold $150 million worth of its stake in the Latin-American delivery company Rappi, close to the entire capital it had invested in the company. Delivery Hero...
Reliance Retail picks 25.8% stake in Dunzo for $200 million
Reliance Industries Ltd’s retail arm has invested $200 million (around ₹1,488 crore) in Bengaluru-headquartered Dunzo as it looks to get a foothold in the country’s rapidly growing market of quick delivery...
