In a rare move, state-owned Life Insurance Corp. of India (LIC) is weighing a bid for Zomato’s shares in the online food delivery platform’s initial public offering this week, two people directly aware of the matter...
France’s Europcar rejects takeover bid, saying price too low
French car hire group Europcar said on Wednesday it has rejected a takeover bid, without specifying the bidder, saying the 0.44 euro ($0.5254) per share price offered was too low. Europcar said further talks might take...
Dukaan partners Dunzo and Shiprocket for delivery
Dukaan, a start-up that helps local stores sell their products online, on Tuesday announced a partnership with delivery platform Dunzo, and logistics firm Shiprocket to integrate delivery into the platform. Dukaan works...
Gojek to merge with Tokopedia to create $18-bn Indonesia tech giant
Indonesia’s ride-hailing and payments giant Gojek agreed to combine with e-commerce pioneer PT Tokopedia to create the largest internet company in the world’s fourth most-populous nation. The combined entity is set to...
FuelBuddy acquires MyPetrolPump in an all-cash and stock deal
Delhi-based fuel delivery startup FuelBuddy has acquired Bangalore based on-demand fuel delivery startup MyPetrolPump, a venture owned by ANB Fuels Pvt. Ltd., for a cash and stock consideration. FuelBuddy is an app...
Zomato IPO: Info Edge to sell stake worth Rs 750 crore via OFS
Info Edge India Ltd today said that its investee company Zomato has proposed an initial public offering (IPO) of fresh issue of equity shares and an offer for sale. Info Edge will sell stake worth Rs 750 crore in the...
Amazon-backed home tech startup SmartRent to go public in over $2 billion SPAC deal
Amazon-backed home technology solutions provider SmartRent.com Inc said on Thursday it had agreed to go public through a merger with a blank-check firm backed by venture capital firm Fifth Wall, valuing the equity of...
Softbank Group to invest $450 million in Swiggy at $5.5 billion value
SoftBank Group Corp. is investing in Swiggy at a $5.5 billion valuation, the second funding for the Indian food delivery startup in as many weeks as capital floods the world’s fastest growing internet arena. The $450...
Singapore’s Grab to go public in world’s biggest $40 bn SPAC merger
Grab Holdings, the largest ride-hailing and food delivery firm in Southeast Asia, clinched a merger on Tuesday with special-purpose acquisition company Altimeter Growth Corp securing a valuation of nearly $40 billion...
Flipkart to acquire troubled Cleartrip
Flipkart Group is close to buying travel and hotel booking platform Cleartrip in a distress sale, three people aware of the matter said, as the Walmart-owned e-commerce giant strengthens its operations in the...
Delivery startup Dunzo seeks $150 million funding
Dunzo Digital Private Ltd., a delivery startup backed by Google and operating in eight Indian cities, aims to double the amount of capital it has raised so far to extend its reach across the country and become a $1...
Choice Equity Broking in pact to acquire 100% stake in Escorts Securities
Mumbai-based Choice Equity Broking Private Ltd has entered into an agreement to acquired 100% stake in New Delhi based Escorts Securities Ltd, a Choice statement said, Thursday. Escorts, the listed auto major was...
