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Lords Automotive acquires 100% stake in Devam Electric Vehicles

lords automotive

Lords Automotive Pvt Ltd has acquired a 100% stake in Ahmedabad-based Devam Electric Vehicles Pvt Ltd, manufacturers of e-rickshaws and e-autos. Lords Automotive will take over the assets and patents of Devam Electric Vehicles with this deal. The acquisition will enable Lords Automotive, a subsidiary of Lord’s Mark Industries Pvt Ltd, to leverage advanced technological […]

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NSEIT acquires majority stake in Cloudxchange.io

cloudxchange io

NSEIT Ltd announced on Wednesday that it has acquired a majority stake in integrated cloud service provider Cloudxchange.io. The financial details of the deal remain undisclosed.  In a statement, NSEIT said that with this acquisition, it intends to provide end-to-end digital transformation solutions from cloud to security. Established in 2016, Cloudxchange.io is a multi-cloud managed […]

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Play acquires RiverSong-India

riversong india

Smart wearables company Play announced on Monday that it has taken over RiverSong India as it plans to strengthen its distribution network and increase its product portfolio.  The financial details of the deal were not disclosed. As part of the transaction, RiverSong India operations Chief Executive Officer Manvendra Chandola will join Play as the Group […]

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[Weekly Funding Roundup] The month of July begins on a promising note

With venture funding crossing the $750 million mart for the first week, the month of July has started on a positive note for the Indian startup ecosystem. July’s first week saw equity venture funding stood at $761 million across 36 deals. They are powered by the first Indian unicorn of 2021, Digit Insurance. Digit’s valuation […]

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Xebia acquires Oblivion to strengthen its cloud capabilities

xebia

Xebia will be acquiring a 100% stake in Oblivion, with Oblivion’s management continuing to be a part of Xebia’s logo.  This acquisition will facilitate Oblivion to create new capabilities in ‘Cloud’, finance Research and Development, expand its presence in new geographies like North America, the Middle East, and Asia across areas such as BFS, Retail […]

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Pharmeasy to acquire 66% stake in Thyrocare

PHARMEASY

Pharmeasy announced on Friday that it will be acquiring a controlling stake in diagnostic chain Thyrocare for Rs 4,546 crore. The parent company of Pharmeasy, API Holdings, and A Velumani, Chairman and Managing Director of Thyrocare Technologies, have signed a definitive agreement for the transaction. As part of the deal, the Delhi-based company will buy […]

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[Weekly Funding Roundup] Startups raise $740M in third week of June

startup funding

Boosted largely through investments into unicorns, after a dismal previous week, Venture funding into Indian startups bounced back strongly in the third week of June. As compared to a meager $46 million in the previous week, the total venture funding in the third week stood at $740 million. The decacorn edtech BYJU’S receiving additional funding […]

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Nazara Technologies acquires Publishme for INR 20Cr

nazara technologies

Nazara Technologies Ltd, a Gaming and sports media platform has acquired a majority stake of 69.82% in Publishme (Turkey and West Asia-based mobile gaming publishing agency). With an acquisition value of INR 20 Crores, such acquisition of the majority stake was done by the way of primary and secondary transactions. Nazara Technologies aims to improve […]

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Gozoop Group acquires Stratton Communications

gozoop acquisition

The Gozoop Group has taken over Digital Agency Stratton Communications making this Gozoop’s fifth acquisition. Following the acquisition, Stratton will be rebranded as Sm(all) and will have Siddhanth Valecha as its CEO.  The brand will be directed on challenger brands under Gozoop. Although the agency will be working independently, it will help its consumers in […]

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[Weekly Funding Roundup] Venture funding continues to rise in the startup ecosystem

The first week of June has been promising for the Indian startup ecosystem as venture funding continues to rise.  The total venture funding during the week was at $638 million, up by 58 percent since the previous week. The major share of this funding was raised by two unicorns – Delhivery and Urban Company.  25 […]

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