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...
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...
