News Corp sells its Entire Stake in Mosaic Media due to New Restrictive FDI rules

Please note that this news article was updated on 3oth July, 2020. This article was originally published on 29th July 2020. Global media giant News Corp has sold its stake in digital business news platform Mosaic Media to media conglomerate Hindustan Times Media or HT Media for INR 6 crore. The American media giant has reportedly…

ByGirish ShettiJuly 29, 20200Comments

Acquisitions

Flipkart acquires Walmart’s Cash & Carry Wholesale Business

Flipkart has acquired 100% stake in Walmart India Pvt Ltd, which operates cash and carry stores in wholesale format across India. Notably, Walmart India Pvt Ltd is owned by Flipkart’s parent company and this specific transaction comes under the category of’ reverse acquisition’ or reverse ‘buyout.’ Apparently, Tata Group was reportedly in talks to pick a…

ByGirish ShettiJuly 23, 20200Comments

Acquisitions

(Updated) Nazara Concludes majority stake acquisition in Kiddopia

Please note that this is an updated story inclusive of updated information. The story was originally filed on Thursday, 16th July. Nazara Technologies Limited has finally completed its majority stake acquisition of 51% in Paper Boat Apps, after completing second & final tranche of transaction by virtue of share swap. Apparently, Nazara Technologies has completed…

ByGirish ShettiJuly 16, 20200Comments

Acquisitions

Unacademy acquires K12 Learning platform Mastree for $5Mn

Unacademy on Tuesday announced that it has led a strategic investment of $5Mn to acquire a majority stake in Mastree. Mastree is a leading K12 learning platform and the latest acquisition will help the Edtech major in increasing its presence in K12 learning space. Following this investment, Unacademy has provided Blume Ventures an exit, according to…

ByGirish ShettiJuly 14, 20200Comments

Acquisitions

Unacademy acquires Online medical education platform PrepLadder

Unacademy has acquired online medical education platform PrepLadder for $50 Mn. Unacademy’s co-founder-CEO Gaurav Munjal has also confirmed the news on his official Twitter account. Based in Chandigarh, PrepLadder helps students prepare for higher medical examinations. The startup is barely two year old and reportedly employs 150 employees. PrepLadder has till date never raised an external…

ByGirish ShettiJuly 7, 20200Comments

Acquisitions

Paytm all set to Acquire 100% stake in insurance firm Raheja QBE

India’s financial services and digital payment company, Paytm, has acquired insurance firm Raheja QBE. The company has said that the latest acquisition will help the company in expanding its financial services and further consolidating its position in the financial services market. Much of the financial details of the acquisition deal have not been official disclosed. The…

ByGirish ShettiJuly 6, 20200Comments

Acquisitions

What is Doubtnut – Byju’s Latest Acquisition Target

Byju’s, which barely 24 hours ago become the third Indian startup to enter the decacorn club, is reportedly pursuing negotiation to acquire edtech startup Doubtnut. Doubtnut seeks to solve doubts in tough subjects like Physics, Chemistry, Maths and Biology through interactive videos that can be accessed through its official website and Android app. Within a very…

ByGirish ShettiJune 27, 20200Comments

Acquisitions

Ola Electric Acquires Amsterdam based Electric Scooter manufacturer Etergo

Ola Electric, the electric unit of ride-hailing company Ola, has acquired Amsterdam based Electric Scooter manufacturer Etergo. The acquisition will give a major push to Ola Electric’s ambition to manufacture its own two-wheeler electric scooter globally by next year. Ola did not disclose the financial details about the deal and hence the exact value of the…

ByGirish ShettiMay 27, 20200Comments

Acquisitions

Milkbasket in Talks with Amazon for Distressed Sale

In yet another apparent sign of consolidation in the online milk delivery space, Milkbasket is now in talks with Amazon for a potential acquisition. The development comes barely weeks after BigBasket acquired DailyNinja. Preceding this acquisition, another prominent player Doodhwala sold its operations to FreshToHome in October last year. The ongoing consolidation has set in as…

ByGirish ShettiApril 18, 20200Comments

Acquisitions

After UberEats, Zomato may Acquire Grofers

India’s consumer internet space may be heading for a big consolidation, with sources claiming that Zomato may acquire online grocery platform Grofers in a all-stock deal. If this high profile deal fructifies then this will be Zomato’s second big acquisition following the buyout of UberEats earlier this year. Image Source: Youtube.com Softbank backed Grofers, which of late…

ByGirish ShettiApril 14, 20200Comments

Acquisitions

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