Tuesday, May 21

Tag: Acquisition

ACQUISITION

Urbanclap Has Acquired Mumbai Based After Sales Service Platform HandyHome

A mobile-based services marketplace, Urbanclap has acquired HandyHome, after sales service platform in an equity deal. HandyHome Mumbai-based startup allows users to book brand-authorized repairs and other services for electronic appliances online. HandyHome was founded in early 2015, had raised about half a million dollars from Bessemer Venture Partners and Kae Capital in June. Gurgaon-based UrbanClap provide a portal where users can book plumbers, beauticians and Yoga instructors among 75 such services across Delhi-NCR, Bengaluru, Mumbai, Chennai and Pune. Urbanclap plans to have more than 2,00,000 professionals on the platform and serve over 1,00,000 customers every day in 25 cities across 100 categories over the next one year with the latest financing in place. However, over the ...
ACQUISITION

O2O Strategy: Paytm acquired Shifu App In An $8-million (Rs 53-crore) Deal

Shifu an app to predict consumer preferences and behaviour has been acquired by Paytm. The Application was started 2 Years ago by a team of three: Prashant Singh the Product Development guy, Michael Massey the magician with Server and Analytics, and Deepansh Jain who heads Client Side Development. // The best time to plant a tree was twenty years ago. The second best time is today Posted by Prashant Singh on Saturday, January 2, 2016     ALSO READ: Meet Shifu – App for digital assistant   For Paytm, the acquisition is in line with its plan to invest about $150 million in emerging companies to build a complete digital ecosystem. "Ventures in O2O (offline-to-online) and last-mile delivery, and platforms that can solve consumer problems a...
Snapdeal to invest in logistics to speed up delivery
News

Snapdeal to invest in logistics to speed up delivery

Reuters: Online marketplace Snapdeal, backed by Japan's SoftBank Group Corp and others, will spend more on logistics and technology to better compete with Flipkart and Amazon's Indian unit, its co-founder said on Monday. Shopping online is becoming more popular in India due to the rising use of cheaper smartphones and e-commerce firms are struggling to cope with the growing demand and make faster deliveries in different parts of the country. The e-commerce market in India is expected to grow to $220 billion in the value of goods sold by 2025, up from an expected $11 billion this year, Bank of America Merrill Lynch said in a recent report. Flush with $500 million from a funding round in August, led by China's Alibaba, SoftBank and Foxconn, Snapdeal is now looking to expand its serv...
Paytm buys home services marketplace Near.in
ACQUISITION

Paytm buys home services marketplace Near.in

Mobile wallet and e-commerce venture Paytm has acquired Near.in, a marketplace app that connects users with local businesses for home services. The Economic Times, which first reported the development, said the deal is valued between $1.5 million and $2 million. A formal press release on the announcement is expected shortly. he Paytm-Near.in deal is the latest instance of consolidation in the online home services segment. Last month, Mumbai-based Crenovative Ideas Pvt Ltd, which operates home services startup Taskbob, acquired Zepper Services Pvt Ltd. The acquisition allows Paytm, run by One 97 Communication Ltd, to strengthen its tentacles in the online-to-offline (O2O) commerce space. "O2O is a focus area for Paytm. Local commerce has massive potential in India, and this acqu...
This One Video Convinced Google to Buy YouTube in $1.65 billion
Story

This One Video Convinced Google to Buy YouTube in $1.65 billion

What is YouTube CEO Susan Wojcicki's favorite video? The one that convinced her Google needed to buy YouTube. In 2006, Wojcicki was overseeing Google video and in charge of its acquisitions. The search giant was looking at YouTube, then a tiny unprofitable Silicon Valley startup, when Wojcicki stumbled upon a video of two boys in China lipsynching to the Backstreet Boys "As Long As You Love Me." The video of the two boys outrageously lip-synching while their roommate did homework in the background was hilarious to the Google exec, she said onstage at the Fortune Most Powerful Women Next Gen Summit. "That was the video that made me realize that 'Wow, people all over the world can create content, and they don’t need to be in a studio,'" Wojcicki said. A light bulb went off in ...
HCL Technologies Acquires CRM Services Provider PowerObjects
ACQUISITION

HCL Technologies Acquires CRM Services Provider PowerObjects

HCL Technologies, a leading global IT services provider, announced today that it has acquired Minneapolis-based PowerObjects - a leading North American provider of Microsoft Dynamics CRM. This will bolster HCL's global applications business, which offers transformational programs and complex application management for a myriad of clients' technology landscapes. PowerObjects is a professional services firm completely focused on providing service, support, education and add-ons for Microsoft Dynamics CRM. The company has won Microsoft's prestigious 'Partner of the Year' award three of the last four years and is one of Microsoft's leading partners for Dynamics CRM. This acquisition enables HCL to take advantage of the rapidly-growing global CRM industry, as Microsoft Dynamics is one of ...
Axel Springer acquires Business Insider for $442 Million
ACQUISITION

Axel Springer acquires Business Insider for $442 Million

German publisher Axel Springer acquires Business Insider in a whopping $442 million deal, accelerating its push into English-language content. Axel Springer is a Berlin-based publisher best known as the owner of newspapers Die Welt and Bild, already owned 9 percent of the company, and Amazon CEO Jeff Bezos, who had previously put his own money into the company, will leave it in there. When factoring out the cash still on the books, the value comes down to $390 million. Springer will end up writing a check for $343 million when the deal closes; it says Business Insider has 76 million readers and 325 employees worldwide. (more…)
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…)
Twitter in talks to acquire flipboard
News

Twitter in talks to acquire flipboard

Twitter has been talking with article sharing platform Flipboard over a possible acquisition, valuing the company at more than $1bn. Tech blog Re/Code, citing sources with the knowledge of the situation, reported Twitter has been engaged in an ongoing series of talks since the beginning of 2015 to acquire Flipboard in an all-stock deal. The talks have been spearheaded by Twitter CFO Anthony Noto, according to the report.   Nevertheless, the talks between the parties, who already have a number of tie-ups between them, seem to be currently stalled, despite a flurry of activity in recent times, the sources said. Both Twitter and Flipboard declined to comment on the report. The attempt comes as the social network looks to grow its audience and improve on its products. ...