Thursday, March 28

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.

Sequoia Capital Backed 1mg Acquires Varanasi Based Dawailelo
ACQUISITION

Sequoia Capital Backed 1mg Acquires Varanasi Based Dawailelo

Sequoia Capital-backed online pharmacy 1mg has recently acquired Varanasi-based startup Dawailelo. The terms of the deal were not disclosed. “We are very keen on building a pan-India presence rapidly,” said Prashant Tandon, CEO of Gurgaon-based 1mg, which is pushing to expand operations in tier-II and -III cities. “The team at Dawailelo has done a great job understanding the requirements of the customers and has created a unique model that has shown great promise for tier II and III cities.” Founded by Aditya Agrawal (CEO) and Arpit Sarin (COO) in 2013, Dawailelo is a healthcare startup which helps people connect with medical stores, doctors, pathology labs through its website and app. The startup has huge potential, realizing which Pixr8 covered their story while they were still in t...
Software Provider Freshworks Acquires Sequoia Capital Backed Zarget
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Software Provider Freshworks Acquires Sequoia Capital Backed Zarget

Cloud-based business software provider Freshworks (earlier Freshdesk) has acquired Zarget, a website analytics startup backed by marquee investors including Sequoia Capital. This marks the ninth acquisition by Freshworks in the past two years. This acquisition will help Freshworks focus on building marketing solutions for businesses of all sizes, although the terms of the deal were not disclosed. It had earlier acqui-hired chatbot start-up Joe Hukum, data integration platform Pipemonk and social media customer service firm Airwoot, among others. “A growing number of our customers have been asking us to help them in marketing initiatives. Today, our software powers customer engagement across every aspect of the customer journey -from acquisition to support. Acquiring Zarget will enable ...
Hike Messenger Acqui-Hires Media Streaming Device Teewe Maker Creo
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Hike Messenger Acqui-Hires Media Streaming Device Teewe Maker Creo

Hike Messenger, the messaging app founded by Kavin Mittal, son of Bharti Airtel founder Sunil Bharti Mittal, has acqui-hired Creo, a Bangalore based tech-startup. The startup is known for making TeeWe, an HDMI based video streaming device. Hike Messenger, which is operated by Bharti SoftBank Holdings Pte. Ltd. (more…)
BookMyShow Acquires Video-On-Demand Platform Nfusion
ACQUISITION

BookMyShow Acquires Video-On-Demand Platform Nfusion

Online entertainment ticketing company BookMyShow on Tuesday said it has acquired video-on- demand platform Nfusion for an undisclosed amount, a move that will help the Mumbai-based firm enhance its audio streaming offerings. Without disclosing the financial details of the transaction, BookMyShow said it acquired Nfusion in an all-cash deal. “We are excited to foray into audio entertainment through our offering ‘Jukebox’ (its online audio entertainment offering), which uses Nfusion’s technology,” BookMyShow director Parikshit Dar told PTI. Nfusion was set up in the Middle East in 2009 by Shoaib G.M. Khan, Sivagurunathan S. and Prabhakar Reddy. The HD video- on-demand platform allowed users to stream videos online. Dar said that strengthening the audio offerings is part of BookMyShow ...
Flipkart Completes Its Merger With ebay.in
ACQUISITION, News

Flipkart Completes Its Merger With ebay.in

E-commerce major Flipkart today said it has completed the merger with eBay Indias operations. With this, eBay.in will now be a Flipkart Group company. The deal was announced in April when the Flipkart group raised USD 1.4 billion from global technology majors eBay, Tencent and Microsoft. (more…)
Facebook Acquires Artificial Intelligence Startup Ozlo For Messnger
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Facebook Acquires Artificial Intelligence Startup Ozlo For Messnger

Facebook has recently acquired its former Head of Platform for Android, Charles Jolley's conversational AI Startup Ozlo.  The Ozlo team is expected to join Facebook to work on natural language processing challenges. Ozlo will be working with Facebook on building experience powered by artificial intelligence and machine learning in blog post shown below. The four-year-old start-up claims that its virtual assistants can understand and provide answers to questions which do not have simple "yes" or "no" answers. Ozlo launched with a consumer-facing app in Oct. 2016 and with this acquisition it is no longer independent and the conversational AI space grows just a bit more consolidated. “1.2 billion people around the world use Messenger to connect with the people and businesses the...
Ad-Tech Company Fork Media Acquires Majority Stakes In Rappio Advertising
ACQUISITION

Ad-Tech Company Fork Media Acquires Majority Stakes In Rappio Advertising

Marking its entry in into the space of large-scale audio-based advertising, Fork Media has acquired a majority stake in digital audio advertising startup Rappio Advertising. Rappio offers advertisers and brands a targeted advertising platform to reach mobile consumers through audio advertisements. It replaces the ringtone of a mobile phone by an advertisement jingle and the users earn money on the go for every incoming call. Users can select from a variety of "ad ringtones" provided by Rappio and set it as their ringtone. According to the startup, users are incentivised each time their phone rings playing out an ad tune.   "Fork Media and Rappio have a common vision for innovating and driving the advertising experience through alternate inventories in the digital medium," s...