Ola acqui-hires Pikup.ai for Developing Deep Tech Solutions for Mobility

Bengaluru based Ride hailing major Ola on Tuesday acqui-hired artificial intelligence startup Pikup.ai. Since this was an acqui-hire, no financial transactions were involved in the deal. As is expected from an acquihire process, Pikup.ai’s Inder Singh and Ritwik Saikia along with its entire technical team will join Ola’s team. Ola acqui-hires Pikup.ai in its quest to…

ByGirish ShettiAugust 13, 20190Comments

Acquisitions

UberEats is off Swiggy’s Acquisition Menu: Report

Foodtech majors Swiggy and UberEats have called off their much hyped up acquisition talks, according to people familiar with matter. The high profile acquisitions talks collapsed as both companies failed to agree on number of contagious issues like financial terms and taxation clauses, sources have claimed. The collapse of acquisition talks has scuttled down the…

ByGirish ShettiApril 5, 20190Comments

Acquisitions

Oyo may be Inching closer to its first ever acquisition in China: Report

Oyo’s recent acquisition spree in domestic market has been least surprising given that it is sitting on a huge pile of cash. But to pull of an acquisition in a highly competitive market like China certainly makes for an aggressive move; especially in the context of Oyo’s continuing quest for international expansion. Reports claims that Oyo…

ByGirish ShettiMarch 27, 20190Comments

Acquisitions

Pine Labs Consolidates Gifting Biz with Qwikcilver Acquisition

Fintech startup Pine Labs has decided to consolidate its position in corporate gifting space by acquiring gift card solutions provider Qwikcilver. Pine Labs has signed a definitive agreement to this effect and will pay nearly $ 110 million for this acquisition. The acquisition will be funded partly by company’s cash reserves and the remaining by…

ByGirish ShettiMarch 20, 20190Comments

Acquisitions

Oyo Enters Co-working Industry with Innov8 Acquisition: Report

Oyo Rooms has acquired Gurugram based co-working startup Innov8 in all cash deal worth about INR 220 Cr, according to sources familiar with the matter. Oyo and Innov8 have still not confirmed the news at the time of filing the story. As and when confirmation comes, it will mark Oyo’s entry into the co-working industry.…

ByGirish ShettiMarch 15, 20190Comments

Acquisitions

Naspers backed PayU is looking to Acquire Wibmo for $50-60 Mn: Report

Domination of online payment market seems to be high on digital payment services PayU as it looks to close in on its latest acquisition bid. According to reports, Naspers backed Payu is nearing the acquisition of Bengaluru and Cupertino-based payment company Wibmo. Payu’s latest acquisition bid, following the successful acquisition of Citrus Payments in 2016,…

ByGirish ShettiMarch 12, 20190Comments

Acquisitions

Flipkart gets Sued for Last Year’s Upstream Acquisition: Report

Flipkart’s acquisition of Israeli startup Upstream last year – the first major acquisition post Walmart takeover – has landed the online retail giant in a legal tangle. Wolet Capital Corp (WCC), an investment bank that mainly focuses on US-India accusation deals, has sued Flipkart for non-payment of advisory fees. Last Year’s Upstream Acquisition has landed Flipkart…

ByGirish ShettiFebruary 27, 20190Comments

Acquisitions

FreshMenu in OYO’s Acquisition Radar: Report

India’s largest hospitability company OYO Rooms is in talks to acquire cloud kitchen startup FreshMenu for nearly $50-60 million, Economic Times has claimed after citing three unidentified sources. The talks have progressed well beyond the initial stage and closure of the deal will depend on due diligence, sources add. OYO Rooms is in talks to acquire…

ByGirish ShettiFebruary 23, 20190Comments

Acquisitions News

Uber Eats Likely to be Served on Swiggy’s Platter: Report

Uber Eats – food delivery unit of US based ride hailing giant – is inching closer to selling its India business to rival Swiggy, according to Economic Times (ET). The acquisition deal will mark the first major consolidation in the food tech sector, which has been suffering from huge cash burn problem in the wake…

ByGirish ShettiFebruary 22, 20190Comments

Acquisitions

Oyo Rooms may Foray into Co-working Space with Innov8 Acquisition

India’s largest hospitality company Oyo Rooms is planning to break into unfamiliar territory of co-working space. A report published in the Economic Times (ET) claims that Oyo is in early stage discussion to acquire co-working space company Innov8 for nearly Rs 200 crore. The Gurgaon based company’s decision to enter into the co-working space is…

ByGirish ShettiJanuary 31, 20190Comments

Acquisitions

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