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…
- India’s central bank launches pilot of e-Rupee for retail segment: Here’s everything to know November 29, 2022
- Event Announcement: Reworking the Data Protection Bill, Delhi, 8th Dec #Ad November 29, 2022
- Telegram Discloses Names, Numbers, IP Addresses of Alleged Copyright Infringers to Delhi HC November 29, 2022
- Nashik residents question the linking of Aadhaar with Voter ID November 29, 2022
- What can we learn about crypto scams from WazirX’s latest transparency report? November 29, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
The Structure and Style of a Dogma Community: Conspiracy theories and organized Twitter engagement on Sushant Singh Rajput
Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
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...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
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...
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...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
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...