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...
Delivery Hero acquires majority stake in Spanish food delivery app Glovo
German food delivery group Delivery Hero said it had signed an agreement to acquire about a 39.4% stake in Spanish delivery app Glovo. The company currently holds about 43.8% in Glovo shares on a non-diluted basis. The...
Rebel Foods to invest $150 million to acquire, scale food brands
Internet restaurant company Rebel Foods, which turned a unicorn after a recent $175 million funding round, said it will invest $150 million in “strategic” investments and acquisitions in India as well as overseas...
Swiggy to invest $700 mn in quick delivery biz Instamart
Swiggy, which is in the midst of raising a larger funding round, said on Thursday it will invest $700 million in its express grocery delivery service Instamart as it looks to double down on non-food delivery categories...
Booking to buy Swedish travel agency Etraveli for $1.83 billion
Online travel agency Booking Holdings Inc on Tuesday said it would acquire Sweden-based Etraveli Group for about 1.63 billion euros ($1.83 billion), its second major deal this month. Etraveli, currently owned by private...
Zoomcar raises $92 million led by SternAegis Ventures
Car sharing startup Zoomcar on Monday said it has raised $92 million in a private placement led by New York-based SternAegis Ventures with participation from international family offices and institutional investors...
Ola buys GeoSpoc to boost real-time mapping prowess
ANI Technologies Ltd, the parent of Ola Cabs, said on Tuesday it has acquired geo-analytics technology platform GeoSpoc for an undisclosed sum as it looks to enhance geospatial services and capabilities. The acquisition...
Grab to take majority stake in Indonesia e-wallet OVO
Southeast Asian ride-hailing and payments firm Grab will more than double its stake in Indonesian e-wallet OVO to 90%, the Indonesian firm said on Monday, pending approval from regulators. Three sources with knowledge...
UPS adds gig delivery with Roadie acquisition
United Parcel Service Inc on Friday announced plans to buy Roadie, a crowd-sourced, same-day delivery company whose major clients include home improvement chain Home Depot. The tie-up comes after key UPS retail...
RaRa Delivery raises $3.25 million in funding
Instant delivery startup RaRa Delivery on Wednesday said it has raised $3.25 million as part of its latest funding led by Sequoia Capital India accelerator programme Surge and Indonesia-based East Ventures. The two-year...
Zomato deal for 9.3% stake in Grofers gets CCI nod
The Competition Commission of India (CCI) has approved Zomato’s bid for acquiring 9.3 per cent stake in the online grocer Grofers and Hands on Trades. This would mark the food delivery aggregator’s entry...
