wordpress blog stats
Connect with us

Hi, what are you looking for?

Updated: Mahindra Group acquires Accel Partners & Tiger Global backed Babyoye

Update: An official spokesperson of Mahindra Partners has confirmed this deal to Medianama, though they declined to reveal the specifics of the deal at the moment. Earlier: Baby products focused e-commerce venture Babyoye.com has been acquired by the Mahindra Group. Though the company hasn't made an official announcement yet, a tweet from chairman & managing director of the Mahindra Group Anand Mahindra indicates that the deal has been completed. The financial details of the deal have not been disclosed.   And Baby Oye is now part of the Mahindra Group. Welcome! “@BabyOye: #1500 followers. Thank you from #teamBabyOye :)” — anand mahindra (@anandmahindra) February 2, 2015 In December last year, it was first reported that Mahindra Partners the emerging businesses arm of the Mahindra Group was in talks with Nest Childcare Services Pvt Ltd (which operates Babyoye) to acquire the company. The report mentioned that Mahindra Partners would be acquiring Babyoye through its retail arm Mahindra Retail. The Babyoye website currently informs that the site is owned and operated by Mahindra Internet Commerce Pvt Ltd. Mahindra Retail also operates the Mom&Me chain of stores that sells children and maternity products. The first Mom&Me store was opened in 2009, and currently operates over 100 stores across 45 cities in India. In December 2011 it launched an online store as well, momandmeshop.in. It also manufactures children and maternity products under its private labels. The acquisition of Babyoye is likely to help Mahindra Retail increase online sales. Last year in July, Mahindra Retail CEO…

Please subscribe/login to read the full story.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ