ACQUISITION | Pixr8 News

Mahindra’s BabyOye Acquired by FirstCry For Rs 362 Crore

17Oct By NitishNo Comments

ACQUISITION

Mahindra’s BabyOye Acquired by FirstCry For Rs 362 Crore

Online babycare store FirstCry (BrainBees Solutions Pvt. Ltd) has acquired the franchise division of Mahindra Retail Pvt. Ltd, a subsidiary of Mahindra and Mahindra Ltd, which owns online babycare business BabyOye for Rs 362.1 crore in a cash and stock deal. “A business transfer agreement has been executed by and between Mahindra Retail Pvt Ltd (MRPL), a subsidiary of the company, Brainbees Solutions (FirstCry) and founder of the company to transfer the franchise division of MRPL (BabyOye) as a going concern on a slump sale basis to FirstCry,” The Company said: “In terms of the structure of the transaction, Mahindra Retail and FirstCry have consolidated their operations, with Mahindra Retail selling its franchise business to FirstCry, and operating all company stores under a firstcry...

Dealberg.com Asia’s First, Invite-only B2B Ecommerce Acquires a Year-old Startup WeAreGadgets

14Oct By PriyankaNo Comments

ACQUISITION

Dealberg.com Asia’s First, Invite-only B2B Ecommerce Acquires a Year-old Startup WeAreGadgets

In a rare feat, Dealberg, a pre-launch startup has acquired an established $2-million company WeAreGadgets in the first week of this month. WeAreGadgets was founded by Sree Krishna Seelam, a serial entrepreneur and an MLA contestant of the Aam Aadmi Party. Before WeAreGadgets, Sree founded an NGO called Country Flavours, a manufacturing unit for processed foods and instant mixes. Sree will now play the role of the Chief Operating Officer at Dealberg and leads the partnerships and business development functions. "We want to help SMEs reduce their calls to the vendors but still avail best products at affordable prices, directly from the brands. With the help of Dealberg, SMEs from tier I, II and III cities can buy authorized and genuine products from brands with no geographical barr...

Sairee Chahal Led SHEROES Acquires Gharkamai.com

8Oct By NitishNo Comments

ACQUISITION

Sairee Chahal Led SHEROES Acquires Gharkamai.com

World's largest career platform for women SHEROES has announced acquiring Gharkamai.com - an online platform which helps professional home-based women find work. With the labor force participation of women in India witnessing a dip and over 300 million women eager to connect or reconnect to opportunities and achieve financial independence, this acquisition aids such women to find work on their own terms. "SHEROES helps women to take control of their careers, whether it is home based, part-time, or full time. It also allows companies, the access to this diverse and high quality talent pool. We are very excited and welcome the users of Gharkamai to Sheroes and assure to help them find career success on their own terms," said Founder and CEO of SHEROES, Sairee Chahal. The pla...

Indonesia Based GO-JEK Acquires Bangalore Based Startup Pianta

27Sep By AnkitaNo Comments

ACQUISITION

Indonesia Based GO-JEK Acquires Bangalore Based Startup Pianta

Indonesia's based food and grocery delivery startup GO-JEK has acquired Bangalore based Pianta, a marketplace for home healthcare services, for an undisclosed sum. Post the acquisition, Pianta's eight member team will merge with GO-JEK's engineering centre in Bangalore. Founded in 2010, GO-JEK has over two lakh motorbike taxis, known as "ojeks" in its fleet. Since then, the company has diversified into food, grocery and even courier delivery services. GO-JEK raised $550 million in 2016 from the likes of KKR, Warburg Pincus, Farallon Capital and Capital Group Private Markets. In India, GO-JEK doesn't have any services but has an engineering centre in Bangalore where it employs 60 people."Pianta's core team comes from Ola and Flipkart and their expertise in the logistics and payments s...

23Sep By reutersNo Comments

ACQUISITION

Thomson Reuters Acquired Tech Firm REDI

World's largest international multimedia news agency Thomson Reuters has agreed to acquire trading technology firm REDI Holdings, it said in a statement on Thursday. Thomson Reuters said the REDIPlus execution management system would strengthen its Eikon financial markets desktop by making it easier for institutional customers to trade seamlessly on the platform. The statement gave no details on the cost of the transaction. "Integrating REDI into Thomson Reuters solutions will enable us to transform Eikon into a world-class trading solution for the buy-side," said Michael Chin, managing director, global head of equities at Thomson Reuters. Reuters News is owned by Thomson Reuters. (Reporting by Patrick Graham; editing by Susan Fenton)

20Sep By reutersNo Comments

ACQUISITION

Walmart Completes Jet.com Acquisition

Wal-Mart Stores on Monday said it has completed the acquisition of Internet retailer Jet.com after agreeing to pay about $3 billion for the e-commerce startup last month. Wal-Mart Chief Executive Doug McMillon announced the closing of the deal, which was pending regulatory approval, in a blog post on the retailer's website. The deal, which was the largest for an online startup, will give Walmart access to Jet.com's innovative pricing software and will help the Bentonville, Arkansas-based retailer to better compete with online rival Amazon.com. "A lot of folks ask me 'Why Jet.com?," McMillon said in a blog post. The answer he said was in the savings both Walmart and Jet can together offer shoppers. Jet, with its ability to lower prices as customers add more items to their shoppi...

Startup Running By an Indian Secretly Bought By Intel at $300 Million (2000 Crore)

18Sep By PriyankaNo Comments

ACQUISITION

Startup Running By an Indian Secretly Bought By Intel at $300 Million (2000 Crore)

Chip design maker Intel Corp. has secretly acquired silicon valley semiconductor startup called Soft Machines Inc about $300 million (cash-cum-stock deal ) to maintain its leadership position. The news was first reported by technology website The Register. The team of Soft Machines have become part of Intel from Thursday. This new deal is on the heals of Intel shedding as part of a spinout their security unit into a new company that will be owned in-part by private equity firm TPG. Intel will retain a 49 percent ownership stake of the entity with TPG taking the majority stake. In exchange, Intel will be receiving $3.1 billion in cash. Soft Machines is a semiconductor company co-developing VISC architecture-based processor and SoC products for all major performance computing platforms a...

SHEROES Acquires Counseling and Support Platform LoveDoctor.in

16Sep By NitishNo Comments

ACQUISITION

SHEROES Acquires Counseling and Support Platform LoveDoctor.in

SHEROES.in, the career platform for women, has acquired love, relationship, and sexual health counseling platform LoveDoctor.in in an aim to broaden the type of support and community offered to over 800,000 platform members. LoveDoctor.in, a counseling service that has been operating for over 2 years via web-based chat, SMS, and WhatsApp has answered over 50,000 questions from young people aged 16-25 across the world, but with a focus on India, East Africa, and Southeast Asia. LoveDoctor.in founder and CEO Avani Parekh joins SHEROES as Director of Community and Empathy with a goal of making SHEROES a one stop shop for women around the world to build their careers, find supportive community, level up their skill sets, and explore new possibilities for their lives beyond the workday. Av...

German Pharmaceutical and Chemical Giant Bayer Agrees to Buy Monsanto For $66 Billion

14Sep By PriyankaNo Comments

ACQUISITION

German Pharmaceutical and Chemical Giant Bayer Agrees to Buy Monsanto For $66 Billion

German pharmaceutical and chemical giant Bayer AG today announced it will acquire global seed major Monsanto for USD 66 billion in an all-cash deal. Both Bayer and Monsanto have presence in India. The deal marks a major consolidation in global seed business. Recently, Monsantos rival Syngenta was acquired by ChemChina. "Bayer and Monsanto today announced that they signed a definitive merger agreement under which Bayer will acquire Monsanto for USD 128 per share in an all-cash transaction," Bayer said in a statement. The board of the two companies have unanimously approved the agreement, it said. The offer of USD 128 per share is 44 per cent higher than the closing price of Monsantos share on May 9, the day before Bayers first written proposal to Monsanto. "USD 128 per share in a...

PayU Acquires Indian Payments Technology Citrus Pay For $130 Million

14Sep By AdityaNo Comments

ACQUISITION

PayU Acquires Indian Payments Technology Citrus Pay For $130 Million

PayU, a global online payment service provider has acquired Indian payments technology Citrus Pay for $130 million in an all-cash deal, a joint-statement said here on Wednesday. The agreement is due to close in the third quarter of 2016. The statement described $130 million transaction as the largest ever merger and acquisition cash deal in the Indian fintech sector. "Today's announcement is a significant milestone for both businesses, as well as the fintech industry in India. It is exciting for everyone across the PayU and Citrus teams as we bring together new capabilities that will help us to better serve our collective clients." said Laurent le Moal, CEO of PayU. The deal will grow PayU India customers to more than 30 million, processing a forecasted 150 million trans...

OneTrust Acquires Uk Based Data Privacy Compliance Service Optanon

14Sep By AnkitaNo Comments

ACQUISITION

OneTrust Acquires Uk Based Data Privacy Compliance Service Optanon

OneTrust, the leading software platform designed to operationalize data privacy compliance and Privacy by Design, is pleased to announce its acquisition of U.K.-based data privacy compliance service, Optanon. "The acquisition of Optanon uniquely positions OneTrust to serve the needs of enterprise customers around the world with our rapidly expanding global presence and broad solution set," said OneTrust CEO, Kabir Barday. Optanon's software-based solutions are used by organizations globally for website auditing, EU E-Privacy Cookie Compliance, and GDPR readiness. "In today's complex data privacy regulatory environment, it is critical for organizations to select a partner like Optanon with a strong commitment to global growth and a comprehensive product offering to simplify privacy pro...

QuikrServices Acquires StayGlad to Further Scale AtHomeDiva

13Sep By NitishNo Comments

ACQUISITION

QuikrServices Acquires StayGlad to Further Scale AtHomeDiva

Quikr, India’s No. 1 cross category classifieds business today announced the acquisition of StayGlad, a leading marketplace for beauty services. The strategic move will further strengthen the market leadership of its beauty service brand, AtHomeDiva, by enabling it to take on even more beauty services requests under its services vertical, QuikrServices. AtHomeDiva currently offers on-demand, in-home beauty services across six cities including Bangalore, Delhi, Mumbai, Chennai, Gurgaon and Hyderabad. Talking about the acquisition, PD Sundar, Head of QuikrServices, said, “On-demand beauty is one of our fastest growing service categories. With well more than half of our consumers coming back to us with bigger ticket sizes, the demand is clearly very strong. As a service provider we want t...