ET Soonicorns Summit: Celebrating and unlocking the potential of India's future unicorns

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Uber Technologies likely to sell 7.8% stake in Zomato through block deal

The sale has been fixed at Rs 48-Rs 54 apiece, a discount of 2.8-13.6% to Tuesday’s closing price of Rs 55.55 on the National Stock Exchange.

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Restaurants raise discounts to curb aggregators; Zomato losses halve in Q1

Large restaurants and chains are offering more discounts on their own apps and direct-ordering platforms than Swiggy and Zomato do on their apps, industry executives told us, as they look to reduce their dependence on the two food delivery firms.

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Large restaurants raise discounts to fend off Swiggy, Zomato

India’s largest quick service chain, Domino’s Pizza which operates 1,625 outlets, launched multiple “free rewards offers” on its own app last weekend, across delivery, takeaway and dine-ins.

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Avendus Future Leaders Fund buys stake in Xpressbees for Rs 195 crore

This is the sixth deal from the new Rs 1,500-crore fund II raised by Avendus in August 2021. So far, it has invested in companies such as SBI General Insurance, Juspay, Lenskart, Zeta and Licious.

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Pakistan's former PM Imran Khan's Instagram account briefly hacked

The former premier's Instagram account shared a post lauding Tesla Motors founder Elon Musk for "donating" three bitcoins.

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Elon Musk sued by Twitter investor over busted $44 billion deal

The lawsuit was filed in Delaware Chancery Court—the same forum that’s set to hold a fast-tracked trial in October of Twitter’s claims against Musk—by an investor who holds 5,500 Twitter shares. In addition to Musk, it names as defendants two “corporate acquisition entities” related to the deal.

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