ACQUISITION | Pixr8 News

28May By AnkitaNo Comments

ACQUISITION

Tech Mahindra to Acquire Target Group

Tech Mahindra Ltd., a specialist in digital transformation, consulting and business re-engineering, has agreed to enter into an agreement to acquire Target Group, one of the leading processing platform companies in the UK. The transaction is expected to close in Q2 FY17, subject to the receipt of regulatory approvals. The acquisition strengthens Tech Mahindra's BFSI practice by access to IP and a platform which helps automate end-to-end processes in the lending, investments and insurance market. The acquisition will enhance Tech Mahindra's capabilities and allow Tech Mahindra to capture a larger share of the GBP 45-60 billion annual spend by UK BFSI companies on software and services. Tech Mahindra intends to leverage its global footprint and enhance the platform to service other market...

Online Learning Startup EdCast Acquired Online Sales Training Company Sales University

26May By PriyankaNo Comments

ACQUISITION

Online Learning Startup EdCast Acquired Online Sales Training Company Sales University

Online learning startup EdCast acquired online sales training company Sales University, previously known as WAGmob, for an undisclosed amount. This is the first acquisition the education platform has made after closing a $16 million Series-B round led by GE Asset Management in April. Sales University, founded by former Microsoft engineering executives, is headquartered in Seattle, US and Indore in India. "Besides innovative features like video role play and product training, Sales University provide access to some marquee influencers like Tom Hopkins and Ken Thoreson. Most importantly, they have the best mobile-first sales training app that we could find," said Karl Mehta, founder of EdCast. However, Mehta refused to disclose the terms of the deal. Sales University claims ...

DriversKart Acquires Mumbai Based on-demand Driver Service Provider Driven

19May By AdityaNo Comments

ACQUISITION

DriversKart Acquires Mumbai Based on-demand Driver Service Provider Driven

DriversKart, an innovative startup based out of Chennai, has acquired a Mumbai-headquartered on demand driver provider - Driven. Prior to the acquisition, DriversKart, had recently raised an undisclosed amount of funding from ah! Ventures and few other investors as a part of its Pre-Series-A round. Started in September 2015, DriversKart is already operational in 5 major cities; Bangalore, Mumbai, Pune, Delhi and Chennai, has a strong team of 20 employees and is already servicing 10,000 rides a month. It has been efficiently catering to the B2C as well as the B2B market in India and has been the preferred driver provider for self-drive car rental company like zoomcar, justride, etc. This growth shall be even more accelerated given that Driven, is already a strong player in a key geograph...

Discovery Acquired Majority Stake in Celebrity Chef Sanjeev Kapoor’s Company

12May By AnkitaNo Comments

ACQUISITION, News

Discovery Acquired Majority Stake in Celebrity Chef Sanjeev Kapoor’s Company

Broadcasting firm Discovery Communications today acquired a majority stake in celebrity chef Sanjeev Kapoor-promoted Turmeric Vision, which owns and operates pay-TV network, FoodFood and its digital products for an undisclosed sum. "Discoverys investment in FoodFood underscores its strategy to deepen and expand presence in India to grow audience share across all screens, and to complement and strengthen its existing portfolio of female and lifestyle brands, including TLC and ID," the company said in a statement. Commenting on the acquisition, Discovery Networks Asia-Pacific President and MD Arthur Bastings said it boosts the companys presence in an important market like India and broadens portfolio by adding a category of content that people love. "We look forward ...

Quikr Acquires Beauty Services Provider Salosa

10May By NitishNo Comments

ACQUISITION

Quikr Acquires Beauty Services Provider Salosa

Quikr, India’s No. 1 cross category classifieds business, has acquired Salosa, an on demand in-home beauty services provider. This strategic acquisition is a part of Quikr’s plan to invest Rs.250 crore in its home services vertical, QuikrServices. Salosa which has been a partner to QuikrServices will further strengthen its beauty services offerings with stylists that have undergone a rigorous process of quality & background checks along with required training. In line with Quikr’s verticalization strategy, this investment will enable the company go deeper and faster in key categories under QuikrServices. Founded by Ex- P&G professionals, Piyush Dhanuka and Anurag Nair, Salosa was launched in September 2015, serving customers in Gurgaon and parts of Delhi. Salosa began first as a marketp...

Knowlarity Acquihires Customer Engagement Platform Smartwards

10May By AnkitaNo Comments

ACQUISITION

Knowlarity Acquihires Customer Engagement Platform Smartwards

Gurgaon-based Knowlarity Communications, a cloud telephony company has acquihire Delhi-based Customer Engagement platform, Smartwards for an undisclosed amount. After the acquisition, Co-Founders of the acquired startup, Shantanu Mathur and Dhanraj Singh Bisht will join Knowlarity and head its India operations. Also, as part of this acquisition, Knowlarity will now integrate Smartwards solution to its product to provide enterprise solutions to SMBs in and outside India. "We are focused now on large enterprise clients and have pulled back from serving small and medium businesses. We are excited about building artificial intelligence into products and voice as a segment and hybrid cloud telephony on premise," said Ambarish Gupta, founder of Knowlarity. Mathur, who was the CEO of e-comme...

Deal: Roadrunnr and TinyOwl in Early Stage of All-Stock Deal

9May By NitishNo Comments

ACQUISITION

Deal: Roadrunnr and TinyOwl in Early Stage of All-Stock Deal

As per the report in ET, Roadrunnr (Logistics player) and Tinyowl(online food ordering platform) are in early stages talks to merge in an all-stock deal. Venture funds including Sequoia Capital and Nexus Venture Partners invested in both the startups. At present, both companies have cash to sustain operations for at least 10 months. The talks under way for a few months now, are still at a preliminary stage the sources said. If talks prove successful, the combined entity could explore several options including launching food ordering and delivery services and may also expand to categories beyond food like the launch of bike taxis, the sources said. If the deal does goes through, the combined entity may look at raising fresh funding of about $40 million, the person said. A successfu...

Snapdeal Acquires Customer Personalisation Firm TargetingMantra

6May By AnkitaNo Comments

ACQUISITION

Snapdeal Acquires Customer Personalisation Firm TargetingMantra

Snapdeal today said it has acquired TargetingMantra, a move that will help the ecommerce major enhance personalisation of shopping experience of customers. The acquisition amount was not disclosed by Snapdeal. TargetingMantra specialises in the field management of customer life cycle through personalisation, targeting and big data analytics. Founded by former Amazon executive Saurabh Nangia and management consultant Rahul Singh in March 2013, TargetingMantra has offices in Palo Alto and Gurgaon. Its solutions help increase conversion rates through intuitive product discovery, recommendations and channel selection. "At Snapdeal, TargetingMantra's team will further the on-going initiative to build the customer experience engine, which will personalise shopping experiences for...

GirnarSoft Acquires SaaS Startup Connecto

30Apr By AdityaNo Comments

ACQUISITION

GirnarSoft Acquires SaaS Startup Connecto

GirnarSoft, the parent company of India's top auto portals CarDekho.com, Gaadi.com and Zigwheels.com, has acquired SaaS startup Connecto in a cash and stock deal. With this acquisition, GirnarSoft will leverage Connecto's tools to improve user experience across all the websites and apps of the company. Connecto has built device-agnostic tools to help product managers and marketers communicate more efficiently with their customers. It provides users with services like notification engine, A/B testing, custom integrations and automatic user profiles creator. Talking about the new acquisition, Amit Jain, Co-founder and CEO, GirnarSoft, said, "Being a tech-intensive company, we are always on the look-out for more hi-tech startups to augment our tech expertise. Connecto will help us creat...

18Apr By PriyankaNo Comments

ACQUISITION

JK Tyre Completes Rs 2,195 cr Acquisition of Cavendish

JK Tyre & Industries has completed the Rs 2,195 crore acquisition of Cavendish Industries, a Kesoram Industries unit, enhancing its position in the domestic market, especially the truck and bus radial segment. "With the completion of the acquisition of Cavendish Industries we have further strengthened our position in the truck and bus radial segment. It has also given us entry into two and three wheeler vertical," JK Tyre & Industries Chairman and MD Raghupati Singhania told reporters here. The acquisition is in line with strategic vision of JK Tyre to become one of the leading tyre companies of the world having a well rounded portfolio of product offerings, he added. The acquisition brings an additional capacity of 100 lakh tyres to the JK Tyre, he added. Caven...

GirnarSoft Acquires Road Side Assistance Co. Help On Wheels

7Apr By AnkitaNo Comments

ACQUISITION

GirnarSoft Acquires Road Side Assistance Co. Help On Wheels

GirnarSoft, which owns auto portals CarDekho.com, Gaadi.com and Zigwheels.com, today announced acquisition of road side assistance company Help On Wheels in an undisclosed all cash deal. The move will bolster the operations of GirnarSofts road side assistance (RSA) vertical, the company said in a statement. Founded in 2014 by Lalit Parmar and Nirmal Mitra, Help On Wheels has a client base of over 50,000 customers. It has a team of over 50 people to manage its operations and customer service. All the team members will join GirnarSoft. Both the founders will report to CarDekhos RSA vertical Car Owners Business CEO Ankur Agarwal. "Help On Wheels will help our road side assistance business scale faster, not only by giving us an established service network and client base, but also ...

Kishore Biyani Acquires FabFurnish.com; Eyes Expansion in 100 cities

6Apr By AnkitaNo Comments

ACQUISITION

Kishore Biyani Acquires FabFurnish.com; Eyes Expansion in 100 cities

Future Group has announced the approved of acquisition of online home furnishings and decor business brand FabFurnish from Bluerock eServices for Rs. 4.86 per share. In an interview with a media channel, Founder and CEO Future Group, Kishore Biyani said, "FabFurnish is a high margin and profitable business, currently operating at 40-41 percent margins. The aim is to enter into more cities via the home furnishing brand." With an aim to expand pan India, Biyani expressed plans to operate in 100 cities eventually. He also expects earnings before interest, tax, depreciation and amortization (EBITDA) of Rs. 40-50 crore from the acquisition. "Future Group is looking at more acquisition opportunities in the specialty retail space," Biyani added. The company's is currently trai...