Mergers & Acquisitions

Mobile VAS company Spice Digital*, a subsidiary of Spice Mobility Ltd., acquired 26% stake in Bangalore-based startup Vavia Technologies, the company informed BSE. Financial details of the deal weren’t disclosed. ... Continue_Reading
Indian e-commerce company Jabong is being merged into a roll-up of emerging markets focused fashion e-commerce brands called Global Fashion Group (GFG) by Rocket Internet and its investor Kinnevik. Other ... Continue_Reading
Mobile messaging and advertising company Affle has acquired the India-based mobile application development company Appstudioz. With this acquisition, Appstudioz has now merged with Affle’s Media Lab business. Affle will also be ... Continue_Reading
Airtel Networks Kenya Ltd. (Airtel Kenya) has signed a definitive agreement with Essar Telecommunications Kenya, which operates under the brand name yuMobile, to acquire its 2.7 million subscribers. This deal is ... Continue_Reading
Educomp Solutions Limited-owned Educomp Online Supplemental Services Ltd sold its majority shareholding in Gateforum Educational Services Pvt Ltd to ASK Pravi Private Equity Opportunities Fund, the company informed the BSE. ASK ... Continue_Reading
GrowthStory’s K Ganesh and Meena have acquired Bangalore-based offline design firm Bello Interiors Pvt Ltd and rebranded it as HomeLane, an online marketplace for fixed furniture. ... Continue_Reading
Online photo printing service provider ZoomIn has acquired San Francisco-based Photojojo for an undisclosed amount, reports The Economic Times. ... Continue_Reading
Product engineering and innovation services provider Altiux Innovations has acquired machine-to-machine (M2M) and converged cloud platforms (CCP) developer P-Device Systems for an undisclosed amount, reports Techcircle. ... Continue_Reading
Hyderabad-based information technology company Cyient Limited has acquired a majority stake in data sciences firm Invati Insights Pvt Ltd, the company informed BSE. Following the acquisition, Invati Insights will be renamed to Cyient ... Continue_Reading
Singapore-based social voice messaging company Bubbly (formerly known as Bubble Motion) has been acquired for an undisclosed amount by India-based mobile VAS company Altruist Group, reports TechInAsia. Last week, TechInAsia ... Continue_Reading
Restaurant search and discovery service Zomato has acquired Czech Republic’s restaurant guide Lunchtime.cz and Slovakia’s restaurant guide Obedovat.sk for a combined amount of $3.25 million to enter the respective markets. ... Continue_Reading
South African telecom major MTN Group is in talks to acquire Tata Teleservices (TTSL) and Tata Teleservices Maharashtra (TTML), reports Hindustan Times citing sources. ... Continue_Reading