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...
Ola gets CCI nod for investments by Temasek, Warburg Pincus, founder Bhavish Aggarwal
Competition Commission has given its nod for the proposed investments worth USD 500 million in ride-hailing platform Ola by Temasek, Warburg Pincus and Ola founder Bhavish Aggarwal. ANI Technologies Private Limited...
CCI approves Zomato’s investment in Grofers
The Competition Commission of India (CCI) has approved food delivery major Zomato Ltd’s $100-million investment in Grofers India Pvt. Ltd and its wholesale entity Hands on Trades Pvt. Ltd, the market watchdog said on...
DoorDash held talks to buy Instacart- The Information
U.S. food delivery firm DoorDash Inc held talks over the past two months to buy grocery delivery company Instacart for a likely price of between $40 billion and $50 billion, The Information reported on Wednesday, citing...
Ixigo buys AbhiBus in cash and stock deal
Le Travenues Technology Limited, which operates travel platform ixigo, on Thursday announced that it has acquired bus ticketing and aggregation platform AbhiBus. The size of the deal has not been disclosed. The slump...
Spinny raises $108 mn from investors led by Tiger
Used car retailing startup Spinny has raised $108 million in primary and secondary fund infusion as part of its Series D round led by New York-based Tiger Global Management, the company said on Monday. New investor...
Reliance Retail Ventures to acquire controlling stake in Just Dial for ₹3,497 cr
Reliance Retail Ventures Ltd (RRVL) will acquire 66.95% in Just Dial Ltd for ₹3,497 crore, giving the retail arm of India’s most valuable company access to a database of millions of merchants and other users. Reliance...
Self-driving vehicle start-up Aurora to go public in $11-bn Spac merger
Driverless technology startup Aurora Innovation Inc. has agreed to go public via a merger with Reinvent Technology Partners Y, a blank-check firm led by executives including LinkedIn co-founder Reid Hoffman and Zynga...
RIL says can’t comment on speculation about Just Dial acquisition
Reliance Industries Limited (RIL) has said that it is unable to comment on media speculation about reports that RIL is in advanced talks to buy Just Dial for Rs 6,600 crore. In a regulatory filing, RIL said, “We...
Reliance dials 8888888888 to shop for Justdial
Even as the Future Group buyout remains caught in legal crosshairs with Amazon, Asia’s richest man Mukesh Ambani is making a move on his next strategic target. Ambani’s telecom to petrochemicals conglomerate, is in...
CCI approves deal involving SoftBank Group entity buying stake in Swiggy
Competition Commission of India (CCI) on Monday gave its nod for a proposed deal involving SoftBank Group entity purchasing a stake in food ordering and delivery platform Swiggy. SVF II Songbird (DE) LLC would acquire...
