Acquisitions: Page 2
MakeMyTrip Acquires Happay Expense Management Platform from CRED to Enhance Corporate Travel Solutions
Under the agreement, the Happay brand, its business operations, and a dedicated team will transition to MakeMyTrip. Happay's payments business and associated team, however, will remain with CRED.
Blox Acquires 11% Stake in Guardians for USD 12 Mn, Eyes 50% Ownership in 3 Years
The strategic acquisition positions Blox and Guardians as India's largest real estate sellers, managing around 25,000 home sales annually with a combined gross transaction value (GTV) of USD 2 billion in the primary residential market.
Kovai.co Acquires SaaS Startup Floik to Boost Document360's Knowledge Management Capabilities
Founded in 2022 by Vartika Bansal and Vidyasankar Krishnamurthy, Floik, backed by Elevation Capital, claims to have catered to over 8,000 users globally with interactive product demos and guides.
BrahmVeda Ventures Acquires Vedvaani to Pioneer AI-Driven Astrology Solutions
The acquisition aims to accelerate Vedvaani's growth, enhancing the app's reach and delivering personalised Astro AI insights to a global audience.
Tata Power Completes Strategic Acquisition of Paradeep Transmission Limited for INR 18.64 Crore
Tata Power has signed the Share Purchase Agreement ('SPA') and acquired 100 per cent equity stake in Paradeep Transmission Limited, a special purpose vehicle.
Macrotech Developers Acquires Bain Capital's Stake in 3 Joint Entities for INR 307 Cr
Macrotech Developers acquired stakes of 30%, 33.33%, and 33.33% in Bellissimo Digital, Palava Induslogic 4, and Bellissimo In City FC for INR 307 crore, with completion timelines of 30 to 180 days.
Digital Wealth Platform Nivesh Acquires Wealthzi
With this acquisition, Nivesh will incorporate Wealthzi's offerings into its technology-driven platform, enhancing user experience and creating operational synergies across products, research, and services.
L&T to Acquire 21% Stake in E2E Networks for INR 1,407 Cr, Strengthening Cloud & AI Capabilities
As part of the deal, L&T will invest INR 1,079.27 crore to acquire a 15% stake in E2E Networks via preferential allotment, with an additional INR 327.75 crore for a 6% stake through secondary acquisition.
Hero Electronix's Tessolve Acquires Germany's Dream Chip Technologies for INR 400 Cr
This acquisition will bolster Tessolve's presence in the semiconductor space, particularly in custom chip and ASIC (Application-Specific Integrated Circuit) design.
Veefin Group Acquires 50% Stake in Singapore's Walnut
Veefin Group plans to enhance its corporate and banking services by integrating Walnut's GenAI capabilities, transforming complex data into quick insights for credit decision-making, while Walnut will remain independent post-acquisition.
Bandhan Group Ventures into IT Sector with Genisys Acquisition
This strategic acquisition aims to enable Bandhan Group to broaden its global presence, adding new operational hubs in the US, UK, and India.
Mankind Pharma Acquires Bharat Serums and Vaccines for INR 13,768 Cr
Mankind's acquisition strengthens its leadership in India's women's health and fertility drug market while granting access to high-entry barrier critical care products, bolstered by robust R&D technology platforms.
FirstCry Subsidiary GlobalBees Acquires 24% Stake in Dynamic IT Solution for INR 4.5 Cr
Founded in 2002, Dynamic IT Solution designs, develops, trades, and supplies software, sports, and fitness accessories, marketing its products under the "Strauss" brand.
Bharat Forge Signs INR 545 Crore Deal to Acquire AAM India
The transaction is pending approval from the Competition Commission of India (CCI) and will be finalized once all regulatory and customary conditions are met. The timeline for closure is contingent on receiving the necessary clearances.
Bikaji Foods Acquires 53.02% Stake in The Hazelnut Factory for INR 131.01 Cr to Enter QSR Market
With this acquisition, Bikaji aims to expand its offerings into premium bakery, patisserie, and QSR segments, aligning with its strategy to build a "House of Brands" catering to evolving consumer preferences.