Rajashri Venkatesh
2016 witnessed some of the major acquisitions in various spaces in India. Here is a list of few of the biggest startup acquisitions.
E-commerce marketplace Snapdeal has acquired online recharge platform FreeCharge for an estimated $400 million (Rs 2,400 crore), making it one of the largest deals in the consumer internet space in India.
Twitter today announced that it has acquired Bangalore-based ‘missed call’ marketing platform, ZipDial. The deal is the latest among a string of small yet high-profile acquisitions of Indian startups by global technology giants and augurs well for India’s burgeoning entrepreneurial ecosystem. The deal is said to be in the region of $30 M.
It’s just a month since Practo announced its Series C round and there has already been announcements of international market expansions. But there’s no stopping Practo. Today, Practo announced a cash and equity acquisition of Qikwell. The fourth acquisition in five months, Practo believes now they're closer towards covering the whole healthcare technology platform.
Capillary Technologies, a leading provider of cloud-based software solutions that help retailers intelligently engage with their customers, today announced that it has closed a $45 million Series C round of financing led by an affiliate of private equity firm Warburg Pincus. Existing investors Sequoia Capital and Norwest Venture Partners also participated in the round. Capillary will use the capital infusion to expand its offerings to enable clients to develop an omni-channel view of their customers, both organically by broadening its product suite, as well as inorganically via the acquisition of MartJack, Asia’s leading Multi Channel Commerce provider.
Grofers raised $120 million in a new funding round led by Japan's SoftBank Corp. Its existing investors Tiger Global, Sequoia Capital and Apoletto Managers were also a part of the third round of funding. Sources privy to the deal claim that with the current funding, Grofers has reached $300 million valuation from their valuation of $33 million in February, which is a tenfold jump.
Online travel services provider MakeMyTrip on Wednesday said it has acquired Mygola, a startup travel guide firm, and the latter’s entire team has joined the firm. The acquisition is done through the company’s earlier announced innovation fund, which is formed to invest in start up or early-stage companies in the travel technology space, MakeMyTrip said in a statement.
eal estate portal PropTiger said that it has acquired rival Makaan.com for an undisclosed amount as the Rupert Murdoch-backed website aims to ramp up its presence in India's secondary property market.
On-demand hyperlocal delivery startup Shadowfax has acquired smaller player Pickingo for an undisclosed amount, two months after Zomato backed out of investing in the startup. Delhi-based Shadowfax has onboarded about 45 employees from Pickingo's management and a few hundred delivery boys in a cash and stock deal.
The Mahindra Group had acquired BabyOye, which had raised about $15 million from Tiger Global Management, Accel partners and Helion Venture Partners, for an undisclosed amount in February 2015.
Online automobile classifieds firm CarTrade has acquired rival CarWale from German media conglomerate Axel Springer signalling the rising consolidation in the industry segment.
