Debt Marketplace CredAvenue Acquires Majority Stake In Spocto
CredAvenue, a debt marketplace, has announced the acquisition of a majority stake in artificial intelligence-powered debt recovery platform Spocto Solutions for Rs 400 crore. With this deal, CredAvenue has acquired a 75% stake in the five-year-old Spocto. As per CredAvenue, post the transaction, it will now be the first global […]
Consumer Electronics Startup boAt Acquires Singapore-based Cove IoT
Imagine Marketing Private Limited, the parent company of boAt, has signed an agreement to acquire KaHa Pte Ltd (Cove IoT), a Singapore-based wearable smart IoT (internet-of-things) product development startup. With this acquisition, boAt looks to expand its wearable products with KaHa’s concept, design, algorithm development, electronic firmware, android and iOS […]
Shiprocket Acquires B2B Logistics Aggregator Rocketbox
Shiprocket, a tech-enabled logistics aggregator backed by Zomato, has acquired Rocketbox, a B2B logistics aggregator platform, for an undisclosed amount. The deal will help Shiprocket enhance its infrastructure and expand its product stack for D2C customers and SMEs. Additionally, as part of the deal, the founders of Rocketbox will join […]
E-commerce Unicorn Mensa Brands Acquires Majority Stake In Personal Care Brand Florona
Mensa Brands, India’s first tech-led house of brands, has acquired a majority stake in Florona, a digital-first aromatherapy brand. Florona, launched by Aayush Gupta, is a digital-first personal care brand that offers aromatherapy and natural personal care products. The brand offers more than 70 types of natural oils, including essential […]
Delhi-based Shiprocket To Acquire 75% Stake In Wigzo Tech
Shiprocket, a logistics aggregator backed by Zomato, is all set to acquire a 75% stake in Delhi-based Wigzo Tech for a valuation of around $20-25 million. According to sources, the acquisition deal will have around 60% secondary and 15% primary components and is likely to help Shiprocket build a full-stack […]
Bengaluru-based 10Club Acquires Three Lawn And Garden Brands
Bengaluru-based e-commerce roll-up player 10Club has announced the acquisition of three lawn and garden brands- Kraftseeds, Gate Garden and Kriti Kalash. Speaking on the development, Deepak Nair, Co-founder and COO of 10Club, said, “We are extremely bullish on the home category, and the acquisition of three strong brands in the lawn and garden segment […]
Nykaa Acquires D2C Skincare Brand Dot & Key Ahead Of IPO
Nykaa, a Beauty and fashion eCommerce platform, has announced the acquisition of the Indian D2C skincare brand Dot & Key Wellness. The acquisition of Dot & Key Wellness is the first D2C (direct to consumer) beauty brand acquired by Nykaa. Additionally, as part of the deal, Dot & Key will […]
DotPe Acquires Bangalore-based PoS Startup Rista
DotPe, a Gurugram-based online-to-offline commerce platform, has acquired Bangalore-based point-of-sale (PoS) startup Rista in an all-cash deal. With this acquisition, DotPe has entered into the PoS segment and strengthens its bouquet of offerings to offline merchants. As part of the deal, Rista will continue to work as a standalone business […]
Nazara Technologies Acquires Skill-based Gaming Platform OpenPlay
Nazara Technologies, a gaming and sports media platform, has acquired Hyderabad-based skill-based gaming company OpenPlay for about Rs 186 crore. As per the regulatory filing, Mumbai-based Nazara will acquire a 23.30% stake in OpenPlay for INR 43.43 Cr by the end of Q2 of FY 2021-22 and will complete the […]
IPO-bound Delhivery Acquires Bengaluru-based Spoton Logistics
Gurugram-based Delhivery has acquired Bengaluru-based Spoton Logistics for an undisclosed amount to strengthen its existing B2B capabilities. As part of the transaction, Samara Capital and Xponentia, which together acquired Spoton from India Equity Partners in 2018, are making a full exit for cash. Speaking on the development, Sahil Barua, CEO […]