Nirmata, the Day 2 Kubernetes company, announced a venture investment from Arka Venture Labs, a fund that provides capital and mentorship to global B2B companies. This new investment will allow Nirmata to accelerate...
Uber to buy UK taxi tech firm Autocab
Uber said on Thursday it was buying the British tech company Autocab, which sells booking and dispatch software to private hire firms, in a move that will allow the taxi app to reach customers where it does not...
Uber, Postmates agree on $2.65 billion all-stock deal
Uber Technologies Inc.’s board of directors has approved a $2.65 billion acquisition of food delivery rival Postmates Inc. in an all-stock deal, expected to be announced as soon as Monday morning in the U.S., according...
Uber is said to be in talks to buy delivery rival postmates
Uber Technologies Inc. is in talks to purchase Postmates Inc, said a person familiar with the discussions, seeking to expand food delivery services in the US and capitalize on a surge in orders, during the coronavirus...
Toyota holds $293 million stake in Uber, governance report shows
Toyota Motor Corp holds a $293 million stake in Uber Technologies, as it partners with the ride-hailing company to further expand into new mobility services, Toyota’s latest corporate governance report released on...
Chilean regulator approves Uber’s purchase of Cornershop grocery app
Chile’s antitrust regulator said on Friday it had approved “without conditions” Uber’s purchase of Chilean online grocery provider Cornershop, clearing a key hurtle for the ride-hailing company as it seeks to expand...
Four Democratic U.S. senators warn against Uber buying Grubhub
Four Democratic lawmakers, led by Senator Amy Klobuchar, wrote to antitrust enforcers on Wednesday to warn that plans by Uber Technologies Inc, owner of Uber Eats, to buy rival online food delivery company Grubhub Inc...
U.S. Senator Klobuchar blasts Uber, Grubhub deal talks
U.S. Senator Amy Klobuchar on Sunday blasted merger talks between ride-hailing firm Uber Technologies Inc and online food delivery company Grubhub Inc, calling any deal bad for competition and consumers. The two...
Uber approaches food delivery firm Grubhub with acquisition offer: Report
Uber Technologies Inc is in negotiations to buy online food delivery company Grubhub Inc in an all-stock deal, according to people familiar with the matter. A merger could give Uber Eats’ money-losing restaurant...
Uber partners with Bigbasket to deliver essentials to customers
Ride-hailing firm Uber India has launched a last mile delivery service and partnered with online grocery firm Bigbasket, to deliver essentials to customers at their doorstep during the countrywide lockdown. This will...
Uber sold Indian food delivery business to Zomato for $206 million
Uber sold its Indian food delivery business to Zomato for $206 million, the US-based firm said in its annual report, filed with the US Securities and Exchange Commission on Monday. “The estimated fair value of the...
Zomato acquires Uber Eats business in India to consolidate position
Zomato, the online food delivery and restaurant aggregator platform, on Wednesday announced that it has acquired Uber Eats’ business in India in an all-stock deal that will see the ride hailing company’s food...