wordpress blog stats
Connect with us

Hi, what are you looking for?

Printing solutions company Printo acquires rival Print Bazaar

Printing solutions company Printo Document Services, which operates Printo, an online marketplace for printing services, has acquired its Delhi-based rival Print Bazaar, in an all-stocks deal announced on Monday. With the acquisition, Print Bazaar will be discontinued. The deal, which was completed last month, was pegged by an unnamed source at The Economic Times at around ₹8 to ₹10 crores. However, no official financial statements were released, citing confidentiality clauses that were signed between the parties. As a part of the deal, Sanjeev Malhotra, CEO at Alia Group (of which Print Bazaar is a part of), will join the advisory board at Printo. Printo, which is based in Bengaluru, currently operates 28 stores in four cities across the country- Bengaluru, Hyderabad, Pune, and Chennai. With the acquisition, it will add Print Bazaar's two stores in the Delhi-NCR region. This deal marks the second buyout that Printo has completed, after purchasing Lifeblob back in 2010. Founded in 2005, Printo offers a range of printing services- from business cards to internal signages. The company was backed by Sequoia Capital, which led funding with about ₹16 crore in 2007. However, Manish Sharma, who had founded the company with his wife Lalana Zaveri, bought back their stake five years later. Balu Iyer was named CEO earlier this year, while Sharma moved on as the chairman of the board of directors, where he would lead expansion to other metros. The competition Printo and Print Bazaar often competed with the following companies: Printland, ZoomIn, and Canvera. Printland received and undisclosed amount…

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

Free Reads

News

"Without Google’s abuse of its dominant position, the media companies would have received significantly higher revenues from advertising and paid lower fees for ad...

News

Speaking to Medianama, founders of the concerned companies alleged Google was the one not in compliance with the Indian competition regulator's antitrust order.

News

According to reports, farmers have also informed that their phones are being put on surveillance, and that they are being notified by the police...

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

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

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