Airtel picks up strategic stake in blockchain startup Aqilliz

Image Source: Aqilliz India’s no 2 telecom player Airtel announced on Thursday that it has picked up strategic stake in Singapore based blockchain startup Aqilliz. Airtel did not disclose the financial details of the deal. The Sunil Mittal led company has acquired stake in Aqilliz through Airtel Startup accelerator program. Before this deal, the telecom major…

ByGirish ShettiFebruary 25, 20220Comments

Acquisitions

Roll-up e-commerce Unicorn Mensa acquires denim brand High Star

Roll-up e-commerce startup Mensa announced on Monday that it has acquired denim brand High Star for undisclosed amount. This is Mensa’s second acquisition in the ongoing month (December 2021), after having acquired kids wear label LilPicks. Apart from Denims, High Star sells wide range of cloths that resonates with India’s digital first customers. This…

ByGirish ShettiDecember 27, 20210Comments

Acquisitions

Cloud Kitchen startup Rebel Foods earmarks $150 Mn for acquiring more brands

Rebel Foods announced on Tuesday that it has earmarked $150 Mn for spearheading strategic brand investments and acquisition strategy in India as well as globally. The decision comes at a time when competition is heating up in the cloud kitchen space. Notably, Rebel Foods had earned a unicorn tag earlier this year after raising $175…

ByGirish ShettiDecember 14, 20210Comments

Acquisitions

Byju’s acquires Austria’s edtech startup GeoGebra for reportedly $100 Mn

Byju’s on Wednesday announced that it has acquired Austria’s online Maths platform GeoGebra. Although the actual size of the deal is still not known, people aware of the matter have claimed that the deal is in the range of $100 Mn. Unconfirmed reports have further claimed that the deal has been transacted through cash and…

ByGirish ShettiDecember 9, 20210Comments

Acquisitions

Eyeing market monopoly, UpGrad acquires its rival TalentEdge for INR 350-400 crore

Edtech startup and skill upgrading platform UpGrad has acquired yet another company. This time the Ronnie Screwvala promoted company has made a more strategic acquisition and the one that clearly declares its monopolistic ambitions. UpGrad’s latest acquisition target is Talentedge, its direct and the most dominant competitor. According to reports, UpGrad has entered an exclusive…

ByGirish ShettiDecember 6, 20210Comments

Acquisitions

UpGrad makes first oversees acquisition, buys Australian Global Study Partner

Edtech startup UpGrad, which had turn unicorn earlier this year, announced on Monday that it is all set to acquire Global Study Partners (GSP), which is supposedly Australia’s largest study abroad company. UpGrad had to shell out 16 Mn AUD to buy 100% stake in the company, with commitment to invest another 10 Mn AUD…

ByGirish ShettiNovember 29, 20210Comments

Acquisitions

Flipkart all set to acquire Online Pharmacy Startup SastaSundar: Report

It seems that India’s home grown e-commerce giant Flipkart is finally making a foray into India’s rapidly growing online pharmacy market. According to a report published in Techcrunch, the Walmart owned e-commerce company has signed a definitive agreement to acquire Kolkata based online Pharmacy startup SastaSundar. According to Tracxn, SastaSundar had raised a funding round…

ByGirish ShettiNovember 19, 20210Comments

Acquisitions

Coinbase acquires conversational AI startup Agara – its maiden acquisition in India

Coinbase, one of the leading cryptocurrency exchanges in the world, announced on Tuesday that it has acquired conversational AI startup Agara. This marks Coinbase’s first ever acquisition in India. Both companies have not disclosed the financial details of the deal but unconfirmed reports claims that Coinbase has made the acquisition for $40 Mn. There is…

ByGirish ShettiNovember 2, 20210Comments

Acquisitions

To scale up its Cloud Kitchen Biz, Curefoods Acquires slew of cloud kitchen brands

Cloud Kitchen startup Curefoods, started by CureFit co-founder Ankit Nagori, announced on Friday that it has acquired 6 cloud kitchen brands in one swoop. The Bengaluru based company has said that it will continue to maintain a strong appetite for acquisition as it plans to onboard 25 more cloud kitchen brands in near future. The…

ByGirish ShettiOctober 22, 20210Comments

Acquisitions

Stripe to make its first-ever acquisition in India, all set to acquire Recko

U.S payment major Stripe INC announced on Wednesday that it is all set to acquire Bengaluru based reconciliation specialist startup Recko for undisclosed amount. The deal is subjected to customary closing conditions. The acquisition marks Stripe’s first-ever acquisition in India. The American and Irish Fintech major has been ramping up its investment and hiring process…

ByGirish ShettiOctober 21, 20210Comments

Acquisitions

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