Mergers & Acquisitions
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Opportunity India Desk Aug 17, 2019 - 1 min readCoWrks, the Bengaluru-headquartered co-working space provider, has acquired Gurugram-headquartered The UnCube, which offers on-demand workspace solutions, for an undisclosed amount. After the acquisition, CoWrks will rename the combined entity to CoWrks Go. Under the new brand CoWrks Go, the firm is looking to expand to more than 20,000 locations. CoWrks was founded by Sidharth Menda ...
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Opportunity India Desk Aug 17, 2019 - 1 min readFrontline Education, a Malvern-based learning provider of school administration software for the K-12 education community, has completed the acquisition of Perennial EdTech, based in the San Francisco Bay area. Perennial is the parent company of Escape Technology, Digital Schools, eDoctrina, Healthmaster and Software Answers, serving a combined 8,000,000 students through more than 1700 clients. The Malvern-based company ...
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Opportunity India Desk Aug 16, 2019 - 1 min readUClean, India’s leading tech-enabled chain of laundry and home cleaning stores, has acquired Delhi NCR-based White Tiger laundry in a majority equity buyout. Under the acquisition, UClean will buy White Tiger’s Delhi NCR 20 stores and also onboard the entire staff, franchisee partners and existing infrastructure of White Tiger. This acquisition by UClean comes close ...
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Opportunity India Desk Aug 16, 2019 - 1 min readKKR India will acquire around 90% of an education company, the EuroKids Group, for about Rs 1,500-2,000 crore. The private equity firm will be buying the stake from existing private equity investors, domestic fund Gaja Capital, which holds about 75%, and Swiss fund Partners Group, which has 17%. The promoter will be holding the remaining ...
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Opportunity India Desk Aug 13, 2019 - 1 min readBookosmia, a two-year-old publishing and content startup, has acquired an Indian mythological stories app for children, Mytha, in an all-stock deal. Launched by Ambika Behal in 2015, Mytha was started with the aim of creating a digital content platform for storytelling. Started by Nidhi Mishra, Bookosmia curates and publishes stories for children through physical books, ...
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Opportunity India Desk Aug 09, 2019 - 1 min readTupperware, the US-based kitchenware brand, is planning to 30 outlets by this year-end. Initially, the company will launch these franchise-run stores in key cities such as Delhi, Mumbai, Bengaluru, Hyderabad and Pune among others. The brand has also adopted a multi-channel strategy, a combination of physical stores and online site, for increasing its footprint as ...
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Opportunity India Desk Aug 09, 2019 - 2 min readUpwardly, the Bengaluru-based financial advisory startup, is merging with leading online investment service Scripbox. Similar brand philosophies and a customer-centric approach for creating long term wealth for consumers have driven the decision to join efforts. Upwardly was founded in June 2016 by former Myntra Executive Prateek Mehta, former Urban Ladder Executive Prithvi Raj Tejavath, former ...
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Opportunity India Desk Aug 07, 2019 - 2 min readHub71, a global tech ecosystem based in Abu Dhabi Global Market Square, has partnered with OYO Hotels & Homes, the world’s fastest-growing chain of hotels, homes and? ?living spaces. The hospitality chain will be offering select accommodation to startups that have been granted Hub71’s Incentive Packages. OYO will lease, fit-out and manage residential units for Hub71 residents, offering ...
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Opportunity India Desk Aug 07, 2019 - 1 min readDrivezy, the vehicle sharing marketplace, is aiming to expand its services in about 10 cities in the US, including Los Angeles, Chicago and Seattle, over the next 12 months. The Bengaluru-based company counts names such as Das Capital, Yamaha Motor Co Ltd and Axan Partners among its investors. Earlier in 2019, Drivezy started a pilot in San Francisco and ...
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Opportunity India Desk Aug 07, 2019 - 1 min readChill-N Nitrogen Ice Cream, the Miami-based nitrogen ice cream brand, has started its national franchise program for expanding the concept across the US. At present, the brand is operating 8 locations throughout South Florida. Chill-N Nitrogen Ice Cream aims explosive growth due to its popularity, high-quality recipes and strong unit economics. Daniel Golik, COO and Co-Founder, ...