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New Deal


Announced

Completed

Coca-Cola India completed the acquisition of a 15% stake in Thrive from Jubilant FoodWorks.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For15%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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India

Single Bidder

Minority

Acquisition

Completed

Private

Friendly

Domestic

online ordering

Consumer Services: Other

Synopsis

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Coca-Cola India, a beverage major, completed the acquisition of a 15% stake in Thrive, a food-tech company that offers online ordering system for restaurants. Financial terms were not disclosed. “Coca-Cola India is delighted to partner with the Thrive Now ecosystem as we see digital capability as an essential multiplier for our India growth strategy. Meals are a critical consumption occasion for our beverages, so the eat & drink channel is an ideal place for us to be investing in technology and innovating to digitally enable every outlet to provide a superior consumer experience online and offline," Greishma Singh, Coca-Cola India & Southwest Asia Vice President, Customer & Commercial Leadership.

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