Friday, March 29

ACQUISITION

Mergers and Acquisitions News: Get all latest news on mergers and acquisitions, Deals News, Deals Updates of big and small business enterprise on Pixr8.

Home Rental Startup ZiffyHomes Acquires FellaHomes
ACQUISITION

Home Rental Startup ZiffyHomes Acquires FellaHomes

Delhi based home rental solution provider ZiffyHomes, operated by Ziffy Technologies Pvt. Ltd, has acquired FellaHomes for an all-cash and equity deal. However, the amount has not yet been disclosed. Ziffy said in a statement that the acquisition was in line with its expansion strategy. After this acquisition, it would now become one of the largest aggregators of exclusive rental properties in Delhi-NCR. “Both Fella and Ziffy have been trying to solve the same problem in the same market while working with same partners, vendors, and customers in the ecosystem. So, we realised that our common mission can be faster accomplished if we join hands and combine our strengths,” said Digendra Singh Rathore, CEO & Co-Founder at FellaHomes. After this acquisition, the founder of FellaHom...
Chennai Based Genie Acquires Food Delivery Platform Dinein
ACQUISITION

Chennai Based Genie Acquires Food Delivery Platform Dinein

Hyperlocal delivery and logistics startup Genie Solutions Pvt Ltd has recently acquired food delivery firm Dinein in an all stock deal, as per the company release. The acquisition is the part of the Genie's plan to strengthen its business by adding up the Dinein's 25-member team, delivery fleet, restaurant partners and their technology in their business in a bid to expand their presence in Chennai. However, the financial details of the deal have not been disclosed. Dinein, launched in 2012 has collaborated over 250 restaurants in Chennai, helping them in their food delivery process and claims to oversee 6000 orders in a month. “We see this as a great opportunity to grow and offer great experience to customers. With a focused food delivery service and a pureplay logistics platform ...
PeopleStrong Acquires Referral Hiring and Matchmaking Platform Grownout
ACQUISITION

PeopleStrong Acquires Referral Hiring and Matchmaking Platform Grownout

PeopleStrong, India's leading SaaS HR Technology and Solutions company from India, announced the acquisition of Grownout, a B2B SaaS referral platform for an undisclosed amount. With this acquisition, PeopleStrong's SaaS HR technology, PeopleStrong Alt, will become the only global recruitment product from India with a comprehensive offering, right from sourcing, matchmaking to offer generation and onboarding all powered by Machine Learning. A Matrix partners India portfolio company, Grownout was established in 2014 by Sumit Gupta and Harsimran Walia. Grownout started with the vision of making hiring easy, quick and fun by revolutionizing the way referrals are managed. It ensures that a company gets the network of all its employees first-hand and does not depend on the employees to reach...
American Express Acquires India’s Travel Assistant App Mezi For $150 Million
ACQUISITION

American Express Acquires India’s Travel Assistant App Mezi For $150 Million

American Express today said it has acquired Mezi, a personal travel assistant app that helps consumers plan and book trips. The deal size is around $125-150 million. This is the record acquisition in the history of Indian startups. Founded in 2015 by twin brothers Swapnil Shinde and Snehal Shinde, Mezi will now operate as a wholly-owned subsidiary of American Express. Mezi, which is also backed by Nexus Venture Partners, uses artificial intelligence (AI) and human expertise to personalise online travel discovery and booking experience. "Mezis AI-powered experience opens up exciting new ways for us to connect with and serve our card members and creates opportunities for us to build more meaningful relationships with them," Phil Norman, vice president of American Express Digital Lab...
Future Group Buys Snapdeal’s logistics Service Vulcan Express For Rs 35 Crore
ACQUISITION

Future Group Buys Snapdeal’s logistics Service Vulcan Express For Rs 35 Crore

Kishore Biyani's Future Supply Chain Solutions today said it will fully acquire Snapdeal's logistics service provider Vulcan Express Pvt Ltd in an all- cash deal valued at Rs 35 crore. Future Group Founder and Chairman Kishore Biyani said in a statement that through Vulcan, the company plans to boost its last mile capabilities and also offer state-of-the-art solutions to its e-commerce and retail clients. Snapdeal Chief Strategy and Investment Officer Jason Kothari said: "Similar to our recent sale of FreeCharge, we believe Snapdeal s sale of Vulcan Express to Future Group is a successful deal for all three parties." The statement also quoted Kothari as saying that the company "divests off an asset that is non-strategic in nature for Snapdeal 2.0, allowing it to focus its capital ...
Travel App RailYatri Acquihires YatraChef
ACQUISITION

Travel App RailYatri Acquihires YatraChef

Noida based RailYatri acqui-hired Kochi based food-delivery technology start-up YatraChef. Yatrachef team will now manage the pan-India supply side of the former's in-transit delivery business. "YatraChef brings a deep experience of nearly four years in food delivery and vendor management, and have a track-record of delivering outstanding consumer experience to travelers. Their skills will help us jointly develop new offerings that would re-define the traveler experience with RailYatri," said Manish Rathi, CEO and Co-founder RailYatri. Last-mile capability is becoming a critical piece in commerce marketplaces as companies are able to provide a complete online and offline experience to its users, in addition to creating a premium and differentiated offering. With this, a long-dista...
Grab Announces Acquisition of Bangalore Based Payments Startup
ACQUISITION

Grab Announces Acquisition of Bangalore Based Payments Startup

Grab, the leading on-demand transportation and mobile payments platform in Southeast Asia, today announced it has acquired Bangalore-based payments startup iKaaz. The rich functionality of iKaaz’ mobile payments platform and its experienced leadership team will accelerate feature development and partner integration of GrabPay, Grab’s payments platform. Already Southeast Asia’s #1 ride-hailing platform, Grab is expanding across all markets in Southeast Asia in 2018 with the goal of becoming the region’s universal payments platform. Launched in 2014, iKaaz’ technology was built to work in India’s challenging internet conditions and enable effortless and fast payments for thousands of merchants. ikaaz’ technology stack encompasses a range of innovations, such as NFC, QR-code, audio-based p...
InMobi Acquires Los Angeles Based AerServ for $90 Million
ACQUISITION

InMobi Acquires Los Angeles Based AerServ for $90 Million

 InMobi, the world's largest independent mobile advertising platform, today announced the acquisition of AerServ for $90 million in cash and stock to create the industry's first mediation platform with a unified programmatic auction for mobile in-app publishers. This acquisition will enhance monetization for publishers globally and further enhance the InMobi Exchange, a premium mobile programmatic platform. Globally, mobile premium publishers seek greater control over advertising revenue and deeper transparency into both the buyer landscape and pricing than what supply-side platforms offer today. These publishers are looking to further scale their advertising revenue using a best-in-class programmatic exchange, which will bring header bidding into mobile in-app for the...
Bengaluru Based Venture Firm Acquires Beverages Firm
ACQUISITION

Bengaluru Based Venture Firm Acquires Beverages Firm

Co-Create Ventures, a Bengaluru based investment firm has acquired Indulge Beverages, which owns coffee and tea brand Bonhomia. Financial details of the deal were not disclosed. "Indulge is a great company and the founders have done a fantastic job in building the brand Bonhomia. We are delighted to take on the baton from the founders and grow the company multi-fold over the next few years," Suresh Narasimha, CEO, Co-Create said in a statement. City-based Indulge Beverages was founded by London-based former investment banker Kunal Bhagat and ex-Pepsico executive Tuhin Jain. Both the founders exited the venture via sale to Co-Create. "Bonhomia has redefined coffee consumption in India and our figures show that the trend is here to stay. We have taken the brand from concept to market do...
Apple Acquires Canadian App Development Service Buddybuild
ACQUISITION

Apple Acquires Canadian App Development Service Buddybuild

Apple still struggles to let developers make apps easily for its platform. In such an effort, the iPhone maker has acquired Vancouver-based app tool startup- Buddybuild- a mobile iteration platform focusing on continuous integration and debugging tools. Buddybuild makes it easier for developers to develop an app by providing them a simple workflow for iterating and pushing their apps to the users through GitHub, GitLab or BitBucket. "We're excited to share that the buddybuild team has joined the Xcode engineering group at Apple to build amazing developer tools for the entire iOS community." Buddybuild said in a bog-post. As part of the deal, Buddybuild will be rolled into Xcode, Apple’s suite of development tools for iOS, macOS, watchOS and tvOS. As for Buddybuild's existing cu...
After A Failed Attempt At Ola Cafe, Ola Acquires Foodpanda In A Reply To UberEATS
ACQUISITION

After A Failed Attempt At Ola Cafe, Ola Acquires Foodpanda In A Reply To UberEATS

Indian cab-aggregator unicorn Ola has acquired Foodpand India, run by Germany-based Delivery Hero Group. Run by ANI Technologies Pvt Ltd, Ola will also be investing around $200 million in Foodpanda's Indian business over an undisclosed period of time. "Foodpanda India will benefit from Ola's scale and efficiencies as a platform, also having leveraged learnings from Delivery Hero's global best practices. Ola and Delivery Hero will continue to collaborate on building the online food delivery ecosystem in India," Ola said in a statement announcing the acquisition. After the acquisition goes through, Saurabh Kochhar, current CEO of Foodpanda India will be succeeded by Ola's founding partner Pranay Jivrajka, Kochhar has decided to move on and pursue other opportunities. This acquisition is...
Apple In Talks To Acquire Music Identification App Shazam – Source
ACQUISITION

Apple In Talks To Acquire Music Identification App Shazam – Source

Apple Inc is in talks to acquire Shazam Entertainment Ltd, whose software helps users identify songs by pointing their phone at an audio source, according to a person familiar with the situation. Shazam’s smartphone app is already tightly integrated with Apple’s Siri digital assistant. Users of Apple’s iPhone with the Shazam app installed can say: “Hey Siri, what’s that song?” and the app will identify it. But Shazam has other features, such as the ability to identify television shows, that do not yet work with Siri. Tech news website TechCrunch reported the talks earlier, writing that Apple could pay about $400 million for Shazam and that a deal could be signed as early as next week. Shazam did not respond to a request for comment. Privately-held, UK-based Shazam has raised $1...