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TIGER GLOBAL AND UBER
Temasek unit picks up 1.14% stake in Zomato for Rs 607.60 croreAfter the changing of hands of Zomato shares, Temasek now holds a combined 4% stake in the Gurugram-based company. It bought a 2.86% stake ...- Alibaba Group to sell 26.29 crore Zomato shares on November 30The sale will take place at an offer floor price of Rs 60 per share – a 5.59% discount to Tuesday’s closing price of Rs 63.55 on BSE.
- K’taka halts app-based auto rides; India in focus as Tiger eyes $6B fundOla, Uber and Rapido have been given three days to halt their autorickshaw services in Karnataka. The state’s transport department sent not...
- Tiger Global latest to sell Zomato stake as lock-in endsZomato had a blockbuster listing on the Indian stock exchanges on July 23 last year, and its shares more than doubled to an all-time high o...
- Tiger Global sells over 18 crore shares of ZomatoBefore the sale, Tiger Global's Internet Fund VI held 5.11 per cent stake in the foodtech company and now the stake has been reduced to 2.7...
- ETtech Evening Briefing on Mar. 1, 2021: Crouching Tiger, and ride-hailing's slow recoveryTiger Global keeps up the pace of its startup investments in India. India's ride-hailing space, led by Ola and Uber, is making a steady com...
- Bhavish Aggarwal’s new investor grouping distances Ola further from SoftBank as merger with Uber goes off the tableCab aggregator’s new investor group distances Ola further from its biggest stakeholder SoftBank as merger with rival Uber goes off the tabl...
- Ola eyes profits by FY19; SoftBank reaffirms commitmentThe valuation report was compiled by chartered accountancy firm Jain Ambavat and Associates. It formed a part of Ola's disclosure that was ...
- Tiger Global Management to cash in $1 billion from Ola, Flipkart exitsThe share sales in Flipkart and Ola will take the total realisations for Tiger Global, which has invested $2 billion over a decade in India...
- SoftBank emerges as new IPO for tech companiesEarly backers of Flipkart, Paytm likely to get $1.5 billion from Japanese internet giant.
- Government needs to take a call on capital dumping: Ola CEO Bhavish AggarwalThe rivalry with Uber is more than friendly skirmishing. "We are in a corporate war situation," Aggarwal said. "Competition with Uber is to...
- Uber said to plan boosting India, Southeast Asia resourcesUber's shift is a sign it will not let up in its battle for customers elsewhere in Asia even after reaching a peace deal for China.
- Meru tears into Uber for "breaking" local lawsThis was apparently in response to a blogpost by Bhavik Rathod, Uber's general manager of South and West in India.
- Uber plans to raise $2.1 bn for investment in India, ChinaApp-based taxi aggregator Uber is looking to raise $2.1 billion in a fundraising round led by Tiger Global and other investors, valuing the...
- Ola completes $500 million fundraise as race with Uber gains tractionOla, which recently also ventured into grocery delivery and electronic payments, is now valued at $5 billion, a top executive of the compan...
- Chinese car-hailing app Didi makes inroads into IndiaChina's leading ride-hailing app Didi Chuxing today made inroads into India by becoming part of a group of investors channeling $500 millio...
- Uber's China rival Didi Kuaidi may join Ola fundraisingDidi's investment in Bangalore-headquartered Ola comes close on the heels of it picking up stakes in San Francisco-based Lyft and Malaysia'...
- Ola value doubles to Rs 32,000 crore in 6 months; Falcon Edge to invest 630 croreNew York-based hedge fund Falcon Edge is pumping $100 million (Rs 630 crore) in taxi-aggregator service Ola, valuing it at $5 billion.
- Ola raises about $314 million in fresh fundingOla, backed by Japan's Softbank Corp, also received investments from private equity investors Accel Partners, Tiger Global and Steadview Ca...
- Alibaba-backed taxi app to raise $500 millionThe Hangzhou-based company will issue new shares and receive investment from Alibaba, SoftBank Corp and Tiger Global Management, a source s...
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