Tuesday, May 21

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.

Acquisitions: CarDekho acquired Times Internet Owned Auto Portal Zigwheels
ACQUISITION

Acquisitions: CarDekho acquired Times Internet Owned Auto Portal Zigwheels

Setup back in 2008, Cardekho was founded by a team of four people as an initiative towards providing a quality information in a quality environment on one of the biggest assets that a person owns in his lifetime. Recently Ratan Tata backed that Cardekho.com is acquiring Times Internet owned auto portal Zigwheels. The details of the purchase are yet not disclosed. Cardekho’s CEO and Co-founder confirmed the news and said that “The acquisition of Zigwheels is a strategic step to enhance our content to be more rich and engaging so that we help car and bike buyers. Zigwheels will work as an independent entity within the organization.” After the acquisition of Goibibo’s Gaadi.com in September 2014 and BuyingIQ, a price comparison portal and shopping engine founded by IIT graduates, in April...
Ixigo set to enter inter-city cabs aggregation with Rutogo acquisition
ACQUISITION

Ixigo set to enter inter-city cabs aggregation with Rutogo acquisition

ixigo, India’s leading mobile travel search marketplace has announced that it has completed the acquisition of Square Hoot Hikes Pvt Ltd, the parent company of Rutogo, an inter-city cabs aggregator, for an undisclosed amount. As part of the deal, the Rutogo team will be joining ixigo to scale its fast-growing cabs app by building a marketplace for inter-city taxi owners and vendors. (more…)
Owner of wordpress.com buys WooCommerce plugin and team
ACQUISITION

Owner of wordpress.com buys WooCommerce plugin and team

WooCommerce a WordPress plugin that lets site owners turn their self-hosted WordPress website into an online store acquired by Automattic, the company behind WordPress.com . The entire 55-person Woo team will join Automattic. According to a blog post by CEO and cofounder Matt Mullenweg, this will bring Automattic's total headcount to 370 people, distributed across 43 countries.   Matt wrote in his blog, For years, we’ve been working on democratizing publishing, and today more people have independent sites built on open source software than ever before in the history of the web. Now, we want to make it easy for anyone to sell online independently, without being locked into closed, centralized services — to enable freedom of livelihood along with freedom of expression. It’s...