Friday, April 26

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.

Deals Platforms Nearbuy, Little Internet Merge Operations
7Dec By Press Trust of IndiaNo Comments
ACQUISITION

Deals Platforms Nearbuy, Little Internet Merge Operations

Deals platforms Nearbuy and Little Internet have merged their operations with Paytm picking up a majority stake in this combined entity, the financial services platform said today. "Paytms strategic holding in Nearbuy-Little will provide Paytms merchant partners an opportunity to offer deals to acquire new customers and grow their business," Paytm said in a statement. Financial details of the deal were not disclosed. Paytm was an existing investor in Little. The deal will create India?s largest discovery and deals platform for local merchants, it said. Existing shareholders of Nearbuy, including Sequoia India, will also become shareholders of the merged entity, it added. Nearbuy and Little work with over 40,000 merchants across categories like food, beauty and travel. Pay...
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AEON Learning Acquired Tech Startup Acadgild
30Nov By Press Trust of IndiaNo Comments
ACQUISITION

AEON Learning Acquired Tech Startup Acadgild

Edu-tech firm AEON Learning today said it has acquired Acadgild -- which offers high-end tech skills to mid-career IT professionals -- for about USD 10 million in an all-stock deal. "This is an all-stock deal, where the investors of Acadgild will receive shares of AEON Learning. This deal is valued at about USD 10 million," AEON Learning founder and CEO Karthik KS told PTI. AEON Learning offers technology to universities for their courses through its platform Avagmah. It reaches to 22,000 students across 66 countries, with 20 per cent business originating from the US. The company aims to tap into the fast growing online higher education market, which is pegged to be a USD 1.96 billion industry by 2021 (as per a latest KPMG-Google report), AEON Learning said in a statement. "This ...
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HomeLane Acquires Online Furniture Marketplace Capricoast For $13.8M
20Nov By AnkitaNo Comments
ACQUISITION

HomeLane Acquires Online Furniture Marketplace Capricoast For $13.8M

Bangalore based online furniture and home furnishing startup HomeLane has recently acquired modular home furniture marketplace Capricoast for $13.8 million. This acquisition will grant HomeLane to leverage tech stack of Capricoast to provide customers a more streamlined and better home designing experience. As part of the acquisition deal, the entire team of Capricoast comprising of 120 members will become part of HomeLane while its founder and CEO Jawad Ayaz will be joining the board of directors. Talking about the move, HomeLane co-founder and CEO Srikanth Iyer said, “This is a coming together of two big players in home design with complementary strengths and expertise. The Capricoast team brings with them a powerful technology back-end that will further strengthen our product offeri...
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Paytm To Acquire Little, Nearbuy For $30M
13Nov By PriyankaNo Comments
ACQUISITION

Paytm To Acquire Little, Nearbuy For $30M

One97 Communications owned Paytm is set to acquire two of the most funded deals site- Nearbuy (former Groupon India) and Little for a sum of $30 million TOI reported. SAIF Partners and Singapore's GIC backed Little Internet and Nearbuy, who had together raised more than $80 million capital will be sold for $30 million only, in a cash and stock transaction. Little Internet, which runs the Little app, had in 2015 racked up $50 million and later got on board GIC. Paytm and GIC are its significant shareholders after Tiger Global sold out from the company. While Gurgaon based Nearbuy, which broke off from its parent Groupon India in 2015, had scooped up a $20-million cheque from Sequoia Capital at the time. Also Recommended Uber Locks On Multibillion Dollar Deal With Japanese So...
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Ebix To Acquire Online Travel Platform Via.com
1Nov By AnkitaNo Comments
ACQUISITION

Ebix To Acquire Online Travel Platform Via.com

Ebix Inc, the parent company of ItzCash, has marked its fifth acquisition in India by acquiring Sequoia backed online travel portal Via.com, it said in a press statement. This acquisition marks U.S. based on demand software supplier Ebix's distribution network to over 224,000 outlets in South-east Asia, besides offering significant cross-selling opportunities for Ebix’s EbixCash (former ItzCash) Financial Exchange portfolio of products, the company said. Bengaluru based Via.com's enterprise value for the transactions was $74.9 million, which is expected to be carried out within few days. Via.com is a travel deals aggregator and ticket booking portal and sells holiday packages. Operated by Flightraja Travels Pvt. Ltd, it was founded back in 2007 by Vinay Gupta and Amit Aggarwal. ...
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Flipkart In Talks To Acquire Stake In BookMyShow
16Oct By reutersNo Comments
ACQUISITION

Flipkart In Talks To Acquire Stake In BookMyShow

E-commerce firm Flipkart is in talks for a partnership with online ticketing platform BookMyShow in a bid to build out its services and transaction offering, the Economic Times newspaper reported. The talks are at a preliminary stage and may see Flipkart picking up a significant minority stake in BookMyShow, two people familiar with the discussions told the paper. ALSO READ Metro Cash & Carry To Start Ecommerce For B2B By Dec-End   Be Intellectually Honest And Have The Courage To Change Says Apple CEO Tim Cook     Flipkart, which secured nearly $2.5 billion in funding from Japan’s SoftBank Group in August, did not respond to a request for comment. BookMyShow, owned by Mumbai-based Bigtree Entertainment Pvt Ltd, was not immediately available...
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Bharti Airtel To Acquire Tata’s Money-Losing Mobile Unit For Nothing
13Oct By reutersNo Comments
ACQUISITION

Bharti Airtel To Acquire Tata’s Money-Losing Mobile Unit For Nothing

Bharti Airtel Ltd is acquiring the Tata conglomerate consumer mobile business virtually free of charge in a deal that gives India’s top wireless player a major subscriber base boost, while stemming the bleed for Tata from a money-losing venture. Bharti Airtel will gain over 40 million customers from Tata Teleservices and a subsidiary along with airwaves the company's own on a “debt-free (and) cash-free” basis, according to a joint statement on Thursday, although Bharti Airtel will take on a “small portion” of Tata’s unpaid dues for its airwaves. India’s telecoms market, with 1.2 billion mobile subscribers, is in the midst of a wave of consolidation as smaller debt-laden players seek exits after overspending in airwave auctions. Small players and their larger rivals have also been ...
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Paytm In Talks To Acquire Online Travel Company Via.com
19Sep By PriyankaNo Comments
ACQUISITION

Paytm In Talks To Acquire Online Travel Company Via.com

One97 Communications' Paytm is in discussions and likely to acquire online travel company Via.com as it doubles down on its travel and hospitality business. Paytm has held preliminary discussions although a term-sheet is yet to be signed, according to some people aware of the developments. The valuation of Via.com could could hit as high as $80 million for the sale, according to the source VCCircle. Bengaluru-based Via.com, backed by venture capital investors including IndoUS Venture Partners and Sequoia Capital, had earlier raised about $15 million in funding. The company was founded in 2007, formerly known as FlightRaja has 100,000 active travel partners across 2,600 towns and cities, and covers more than 13,000 pin codes across Asia. RELATED   Paytm In Talks To Acq...
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Sony Pictures Acquired Zee Entertainment’s TEN Sports Network
18Sep By Press Trust of IndiaNo Comments
ACQUISITION

Sony Pictures Acquired Zee Entertainment’s TEN Sports Network

Zee Entertainment Enterprise (ZEEL) today said it has completed two-step sale of its sport business, TEN Sports Network, to Sony Pictures and received USD 36.32 million (about Rs 232 crore) in the second phase. In August last year, ZEEL had announced it would sell its sports channel Ten Sports to Sony Pictures Networks for USD 385 million in an all cash deal. The company and Sony Pictures Network India (SPNI) has "mutually concluded closure of transaction upon receipt of remittance of consideration of USD 36.32 million from SPNI", the company said in a BSE filing. ZEEL had in February completed the first phase of the sale for USD 330 million. ALSO READ Star India Bids Rs. 16347.50 Cr For IPL Media Rights For The Next Five Years     BookMyShow Becomes T...
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