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...
Blackstone to pay part of exit proceeds to Sona execs
Private equity firm Blackstone is seeking shareholder approval for an exit return incentive (ERI) plan that envisages to pay a compensation of 1-4% of the proceeds that Blackstone will generate from a future sale of its...
Indian crypto startup Polygon buys Hermez for $250 mn; firms to merge tokens
In the first-ever merger of crypto tokens, Ethereum scaling project, Polygon, has announced that it will merge with Hermez, a zero-knowledge (ZK) cryptography-based scaling project in a $250 million deal. A zero...
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...
Richard Branson sells $300 million stake in Virgin Galactic
Richard Branson sold about $300 million in Virgin Galactic Holdings Inc. stock, tapping his biggest listed asset again to prop up his business empire during the pandemic. The billionaire offloaded almost 10.5 million...
Qlik acquires NodeGraph to enhance analytics capabilities
Analytics company Qliktech International AB on Friday said that it has acquired NodeGraph, a customizable metadata management solution, to help expand its analytics data pipeline capabilities with interactive data...
OnMobile Global acquires 100% stake in AI company rob0
OnMobile Global Ltd, a global player in mobile entertainment, said it has completed 100% acquisition of Technologies rob0 Inc., through its subsidiary OnMobile Global Solutions Canada Ltd. This investment is in...
Kishore Biyani, Future group companies move Supreme court after Amazon verdict
Future group promoters, including Kishore Biyani and several group holding companies, have approached the Supreme Court against an order passed by the Delhi High Court directing to enforce the order of the Singapore...
Dailyhunt raises $450 million
VerSe Innovation Pvt. Ltd, the parent of local language news aggregator Dailyhunt and short-video app Josh, has raised $450 million in funding from investors including Siguler Guff, Baillie Gifford and Carlyle Asia...
Adidas agrees to sell Reebok to Authentic Brands
Adidas AG said it has agreed to sell Reebok to Authentic Brands Group for up to 2.1 billion euros, the equivalent of $2.47 billion, putting an end to months of speculation over potential buyers for the athletic brand...
Premji Invest acquires a significant stake in SB Packagings
Premji Invest, the investment arm of Azim Premji’s endowment and philanthropic initiatives, has acquired a significant stake in SB Packagings, a manufacturer of flexible packaging for hygiene segment. The quantum...
Locale.ai raises $1.3 mn in seed round from Chiratae Ventures, Better Capital
Location analytics startup Locale.ai on Thursday said it has raised $1.3 million ( ₹9.6 crores) in a seed round from Chiratae Ventures and Better Capital. The round also saw participation from angel investors such as...
