$206 Mn: That’s how much Zomato paid to acquire UberEats

US based ride-hailing giant Uber sold its Indian food delivery business – UberEats – to Zomato for $206 Mn, according to company’s latest regulatory filings. Zomato acquired UberEats India business in January in all stock deal, with the latter acquiring 9.9% stake in the Gurgaon based company. However, back then both companies refused to disclose financial…

ByGirish ShettiMarch 4, 20200Comments

Acquisitions

Freshworks Acquires Conversational AI Startup AnswerIQ

Freshworks on Wednesday announced that it has acquired Indo-American startup AnswerIQ Inc for undisclosed amount. This is the second acquisition in less than a year for the Chennai based SaaS startup, which also happens to be one of the proud Indian unicorn companies. Following the latest acquisition, Freshworks’ total acquisition tally has now reached to 12, making…

ByGirish ShettiFebruary 27, 20200Comments

Acquisitions

It’s official: Zomato Finally Acquires UberEats in All Stock Deal

After months of intense speculations, food delivery major Zomato has finally announced the acquisition of UberEats’ Indian business. The all-stock deal will enable the US based ride hailing giant Uber to acquire 9.99% stake in Zomato. The acquisition deal also paves way for the end of UberEats operation in India. In other words, the brand…

ByGirish ShettiJanuary 21, 20200Comments

Acquisitions

Sachin Bansal’s Navi Technologies Acquires Bengaluru based MavenHive

Sachin Bansal has acquired the role of a crusader cum investors after his exit from Flipkart last year. The role eventually paved way for investment in plethora of startups, wherein Bansal’s special investment firm Navi Technologies (previously known as BAC Acquisitions) played an anchoring role. Now this investment firm has added yet another startup in…

ByGirish ShettiDecember 27, 20190Comments

Acquisitions

Global Crypto Exchange Binance Acquires Indian Crypto player WazirX

It is no secret that India’s cryptocurrency industry is going through period of great uncertainty due to regulatory clampdowns and lack of clarity on account of government policies. In such testing times, it was only matter of time that the industry would eventually some consolidation. And today the industry did witnessed the much anticipated consolidation,…

ByGirish ShettiNovember 21, 20190Comments

Acquisitions

Online Tax filing startup ClearTax Acquires Dose FM for Undisclosed Amount

Online Tax filing startup ClearTax is making a bold move to fuel growth through inorganic route as it acquires audio streaming platform Dose FM for undisclosed amount. The Y Combinator backed company did not disclose the financial details of the deal. It has only mentioned that ESOP (employee stock options), grants and cash were part…

ByGirish ShettiOctober 18, 20190Comments

Acquisitions

French Music Startup Believe Acquires Mumbai based Entco for Undisclosed Amount

Believe Digital, a Paris based leading technology and artist services company, on Monday acquired Entco - an Indian live music production company. Believe did not disclose the financial details of the acquisition deal. Following the acquisition deal, Entco will be rebranded as ‘Believe Entertainment’ and will be based in Mumbai, where it will closely align with…

ByGirish ShettiSeptember 19, 20190Comments

Acquisitions

Oyo Acquires ITC Managed Hotel to Enter Luxury Hotel Space: Report

Oyo Hotels and Homes has acquired Fortune Select Metropolitan, one of the well-known four star hotels in Jaipur, according to Economic Times. The SoftBank backed company has reportedly paid nearly Rs 35-40 crore to acquire the property, which until now was managed by ITC Hotels. Oyo Hotels and Homes acquires ITC managed hotel for Rs 40…

ByGirish ShettiSeptember 12, 20190Comments

Acquisitions

Oyo in talks to Acquire Lovely University’s Student Hostel Assets: Report

India’s largest hospitality company and budget hotel major Oyo Rooms is reportedly in advanced talks to acquire student accommodation assets of Lovely Professional University (LPU). The student accommodation assets is said to be located in one of LPU’s largest campuses and this tentative deal is touted to be around $200 Mn. Oyo may acquire Lovely University’s…

ByGirish ShettiSeptember 4, 20190Comments

Acquisitions

Amazon all set to Acquire 49% stake in Kishore Biyani’s Future Coupons

E-commerce giant Amazon has taken yet another monumental decision in a bid to consolidate its position in the Indian market. The E-commerce behemoth is all set to acquire 49% stake in Kishore Biyani’s Future Coupons. The move assumes huge importance given that Future Coupons is a promoter entity of Future Retail, which operates India’s second-largest…

ByGirish ShettiAugust 23, 20190Comments

Acquisitions

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