Acquisition

Swiggy Acqui-hires Gourmet Asian Food Startup 48East

Bengaluru-based mostly meals purchasing and shipping and delivery startup Swiggy has acqui-employed the management team of Bengaluru-based mostly gourmet Asian meals startup 48East in get to even further broaden its senior management. Pursuing this acqui-employ, the enterprise appears to be like to serve its buyers a lot more proficiently and as a result increase in…

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Paytm Acquires Deal Platforms Nearbuy and Little, To Merge Both

Almost three months just after Paytm was described to be in talks to obtain Bengaluru-dependent O2O specials platforms Minimal and Gurugram-dependent Nearbuy, the electronic wallet corporation has ultimately taken in excess of the two corporations. As for each a media report, in a assertion, Paytm mentioned it organized a merger of the two startups and…

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Edtech Firm AEON Learning Acquires Acadgild In A $10 Mn All Stock Deal

Bengaluru-primarily based edtech company AEON Learning has obtained Acadgild in an all-stock offer worthy of $10 Mn. Put up the offer completion, Vikalp Jain, co-founder of Acadgild will join AEON Learning as President. With this acquisition, AEON Learning aims to tap into the fast-growing on the internet increased education industry, which is pegged to be…

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Home Furnishing Startup HomeLane Acquires Capricoast For $13.8 Mn

Bengaluru-headquartered modular house furnishing solutions provider HomeLane has acquired Capricoast for $13.8 Mn (INR 90 Cr). Also dependent in Bengaluru, Capricoast is an online house interiors marketplace. As for each the official statement, the acquisition will empower HomeLane to leverage Capcricoast’s tech stack to deliver buyers with a additional streamlined house planning expertise. Commenting on…

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Logistics Startup VDeliver Acquires Hyperlocal Services Platform Towny

Hyderabad-headquartered logistics enterprise VDeliver has acquired Towny App, an Andhra Pradesh-dependent cell marketplace for hyperlocal solutions, for an undisclosed volume. As for every the official assertion, the transaction was produced as component of a income-and-stock offer. Confirming the advancement, VDeliver founder and CEO Srinivas Madhavam mentioned “This acquisition is significant for Vdeliver considering the fact…

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Hyperlocal Search Engine JustDial Denies Buyout Talks With Google

Mumbai-dependent hyperlocal search motor JustDial has denied holding acquisition talks with worldwide Web large Google. Speculations emerged before right now when an Indian media publication claimed that the subsidiary of Alphabet was seeking to purchase JustDial’s organization. Right away following the reports surfaced, JustDial’s share value jumped 19.79% to $8.4 (INR 549.85) from the opening…

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Financial Services Company Avendus Capital Acquires Zodius Capital

Economical expert services business Avendus Capital has obtained Mumbai-based mostly personal equity agency Zodius Capital Advisors. The fiscal information of the transaction have not been disclosed. Zodius Capital is a tech-focussed expenditure agency that backs India-centric India-centric early phase startups engaged in significant info and analytics, digital media, commerce and schooling, among the other sectors….

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Online Travel Portal MakeMyTrip Posts Net Loss Of $62.3 Mn For Q2 2017-18 On Account Of Increasing Expenses

On-line vacation firm MakeMyTrip posted web losses of $62.3 Mn for the quarter ended September 30, 2017. The on the net vacation organization had posted a web loss of $39.5 Mn for the corresponding period of the preceding monetary year. Nevertheless the company’s earnings stood at $152.9 Mn for Q2 2017-18, up almost 84% from…

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ItzCash Parent Ebix Acquires Online Travel Portal Via.com

ItzCash mum or dad, US-centered Ebix has acquired Bengaluru centered omni-channel on the web vacation and assisted ecommerce trade, By way of.com. As aspect of the acquisition, one of the Singapore-centered subsidiaries of Ebix has entered into an agreement with the on the web vacation portal. The move is geared toward expanding Ebix’s distribution network…

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