An analysis of the cost of acquisition of shares owned by pre-IPO and ex-Blinkit shareholders of Zomato suggests they are currently sitting on substantial gains on their investments, a large chunk of which is, however, unrealised.
The transaction - which may also see participation from Singapore's sovereign wealth fund GIC and Canadian pension fund CPPIB - could value Flipkart between USD 30-32 billion.
The proposed investment comes at a time when rival food ordering platform Zomato is planning to go for an initial public offering (IPO) during the year
The investment has come from Northern Arc and other investors from India and Korea for its lending arm, True Credits to support the company's growth, a statement said.
Hyundai Motor Group, together with Boston Dynamics, will create robotics value chain ranging from robot component manufacturing to smart logistics solutions.
Tokyo-based company reported a 627 billion yen, or about $6.1 billion, profit in July-September, compared with a loss of 700 billion yen in the same quarter of 2019