Tag Archives: acquisition

In a significant valuation update, Goldman Sachs has placed Blinkit, the quick commerce startup acquired by Zomato in 2022, at a higher value than Zomato's food delivery business. This valuation shift underscores Blinkit's impressive performance and potential within the market.

n a strategic move, Prestige Group, a listed real estate firm, has acquired 21 acres of land in Whitefield, Bengaluru, for ₹450 crore. The company announced its plans to develop a sprawling residential project encompassing 4 million square feet of developable area, comprising approximately 1800 apartments, according to a regulatory filing.

SpiceJet, led by its promoter Ajay Singh, has submitted a joint bid with Busy Bee Airways Pvt Ltd to acquire the troubled carrier Go First, formerly known as GoAir. This strategic move, if successful, holds the potential to reshape the Indian aviation sector significantly. The bid, filed by Mr. Singh in his personal capacity, marks a significant development in the ongoing efforts to revive Go First and enhance collaboration within the aviation industry.

A captivating revelation from a forthcoming book sheds light on the sequence of events that ultimately led to Elon Musk's acquisition of Twitter, citing his dissatisfaction with the platform's handling of a handle tracking his private jet as a pivotal moment.

BYJU'S sends a legal notice to the founders of Aakash Educational Services, demanding the completion of a share swap following the acquisition. The dispute could have implications for both education technology companies involved.

India is set to acquire 31 MQ-9B high altitude long endurance (HALE) drones from the United States in a phased manner, with an initial focus on technology absorption and intelligence capabilities. Sources familiar with the matter revealed that the acquisition will commence with a batch of 10 drones, initially unarmed, along with the establishment of three tri-service intelligence, surveillance, and reconnaissance command centers strategically positioned across the country.