December 31st, 2018
eInfibeam Avenues had announced that its up to Rs 120 crore-deal to acquire Unicommerce, a subsidiary of e-commerce platform Snapdeal, however, the deal has been terminated.
"...we wish to inform you that the SPA has been terminated as the conditions precedent were not fulfilled within the stipulated time...
December 25th, 2018
Reliance Industries has acquired 5.56 per cent equity stake in technology startup Vakt Holdings Ltd, UK (VHL), for $5 million (approx Rs 35 crore).
In a regulator filing, the company said it has acquired the equity stake in VHL, a closely held startup entity which is expected to run its energy-focused blockchain...
December 24th, 2018
A US subsidiary of business process management company Hinduja Global Solutions Ltd has agreed to sell several US nurse advice line service contracts to lnfomedia Group Inc. for $5.3 million (about Rs 37 crore).
Health management solutions company HGS AxisPoint Health LLC has sold the contracts to Infomedia, which operates as Carenet...
December 19th, 2018
The popular technology company Cisco has reportedly announced its intent to acquire Luxtera. The deal has been valued $660 million.
Luxtera, which was founded in 2001 and raised over $130 million, will give Cisco a photonic solution for that data networking problem. Rob Salvagno, head of Cisco’s M&A and...
December 18th, 2018
Suvidhaa Infoserve which is a payments entity based in Mumbai has acquired 5% stake in the popular online e-commerce and payment solution company Infibeam.com. The deal has been valued at Rs 25 crore.Infibeam Avenues which owns Infibeam.com said that its board of directors has entered into a binding MoU...
December 13th, 2018
The retail giant Walmart has made its second acqui-hire in India, with a machine learning startup called Int.AI. The acquisition is being done to strengthen its technology team in the country.
This will mark as the company second aqui-hire in the country. Prior to this, Walmart acqui-hired micro-app startup Appsfly in September,...
December 12th, 2018
Mumbai-based investment management firm Alpha Capital Advisors is reportedly acquiring a minority stake in lithium-ion battery-powered two-wheelers manufacturer Hero Electric Vehicles.
This particular deal has been valued at Rs 160 crore ($22.3 million).
“This fund infusion will help us diversify our product portfolio, acquire...
