February 23, 2018
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Mergers & Acquisition

Expansion plans- UrbanClap gets $21 million in investment

UrbanClap reported on Sunday that it has raised over $21 million in a Series C funding round led by Vy Capital, an Internet investment fund. SAIF Partners and Accel Partners who were the early investors also participated in the round along with Series B investor Bessemer Venture Partners. Co-founder of UrbanClap, AbhirajBhal told that existing investors had also spent approximately …

IndiGo sends offer letter for Air India; Tata to face competition

India’s biggest airline by market share has made a formal request, expressing its interest in buying the troubled national carrier. IndiGo Airlines has beaten the Tata Group in making the request to buy out Air India which is about to be put up for sale by the government. IndiGo, however, will most probably prefer to buy only the international operations …

Amazon to buy Whole Foods for $13.7 bn; Walmart, Target, Kroger should be Terrified

E-commerce giant Amazon Inc. on Friday announced that it would buy Whole Foods Market Inc. for $13.7 billion and it is a step forward to embracing brick-and-mortar stores that the giant has recently been experimenting with. The deal will grant Amazon with control over more than 400 stores, integrating the stores with technology. Amazon has previously offered food delivery through …

Bharti Airtel Ups The Ante in 4G Wars After Buying Tikona Networks

airtel store

Bharti Airtel is increasingly on a war footing against Reliance Jio, and it especially holds true after the telecom giant, the largest telco in the country, acquired Tikona Networks. Tikona Networks held valuable 20 MHz of 4G spectrum across five circles. Airtel acquired the Broadband Wireless Access (BWA) spectrum across all five of the circles for Rs 1600 crores. The move …

Vodafone and Idea To Merge Amid Growing Pressure From Reliance Jio, May Trigger Fresh Telecom Wars


In the ongoing turbulence in the Indian telecom market, two giants, Vodafone and Idea, have confirmed merger talks in a move which could see India’s biggest telecom company being created. Vodafone Group Plc is in discussions to merge its Indian unit with that of Idea Cellular Ltd. The news comes in the wake of the ever-growing threat posed by Reliance Jio …

BookMyShow Looks To Expand Online Footprint With Acquisition of Hyderabad Based MastiTickets


Online ticket booking portal BookMyShow has acquired MastiTickets, a rival but smaller ticketing firm, for an undisclosed sum of money. Sources suggest the deal was an all-cash one. The acquisition is seen to be largely targeting regional markets with special emphasis on Andhra Pradesh and Telangana. Regional markets easily boast of competing with the conventional Mumbai-based film industry in terms of output, …

Amazon & Flipkart Back Out from Acquiring Dubai’s Souq.com


The US-based e-commerce giants Amazon and its Indian replica Flipkart has stepped down from acquiring Dubai’s e-commerce web portal Souq.com despite the deal being a US$1 billion worth. Both the firms were in talks to acquire the e-commerce website but the reports of backing out months earlier direct towards an increasing level of competition in the market of Mergers & …

PropTiger & Housing.com Merger May Raise 55 Million USD


In a major consolidation in the online reality space, PropTiger.Com and Housing.Com today announced a merger to create India’s largest online real estate services company and the joint entity is most likely to raise USD 55 million from the fresh investment. As part of the transaction, the online real estate advertising firm REA Group Limited will invest near about 340 crores …

Tata-Trusts & Google-India Merge With Mobikwik To Expand Digital Literacy in India


Ahead of demonetization probe so as to curb black money, several enterprises have joins hand and come forward to push the motto of Digital India hence making the entire nation choose cashless society leading to a cashless economy. In the recent terms, Tata-Trusts have joined hands with Mobikwik along with Google-India so as to expand digital literacy rate in the …

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