Mergers & Acquisitions
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Opportunity India Desk Apr 22, 2019 - 1 min readInterContinental Hotels Group (IHG) has inked a master development agreement with Valor Hospitality Partners Africa for launching multiple franchise hotels over the next ten years. This deal will include properties across IHG’s portfolio of brands in the midscale, upscale and luxury segments. With this agreement, IHG will expand its presence in sub-Saharan Africa, including key ...
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Opportunity India Desk Apr 18, 2019 - 2 min readKurl-on, India’s leading brand of mattresses, furniture and furnishing products, has announced the acquisition of Spring Air, the leading International brand and amongst the top 10 manufacturers of bedding products in the world, for an undisclosed amount. The acquisition covers Spring Air’s operations across India, Bangladesh, Srilanka and Pakistan. With this acquisition, Spring Air and ...
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Opportunity India Desk Apr 17, 2019 - 1 min readIndian Hotels Company Ltd (IHCL), the hospitality arm of the Tata group, has signed a new Vivanta hotel in Greater Noida. The company has partnered with realty player Mahagun Group for expanding its presence in Greater Noida. The hotel is slated to open in 2023. Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL, said, "One of the most modern cities in ...
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Opportunity India Desk Apr 17, 2019 - 1 min readPharmaceutical major Cipla Ltd has acquired a 30% stake in South African healthcare firm Brandmed. This acquisition will increase Cipla’s exposure to the connected healthcare segment. Cipla's South African arm Cipla Medpro will execute the transaction worth Rs 32 crore. The company is expected to complete the transaction with Brandmed by May 31. Paul Miller, Chief Executive Officer of Cipla Medpro, said, "This will ...
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Opportunity India Desk Apr 16, 2019 - 1 min readGoZero Mobility, the British Electric Bike makers, is planning to have 18 experience centers across India. These centers will expand through a franchise owned and franchise operated (FOFO) model. The experience centers will be having a retail center for electric bikes, merchandise, and accessories, after sales desk and test drive enabled. The centers will also ...
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Opportunity India Desk Apr 16, 2019 - 1 min readGarage Society, the Hong Kong-based co-working startup, is planning to open three more co-working spaces in three new locations spread across Gurgaon. The new co-working spaces will be offering a total of 2,900 seats designed to include all modern office amenities. Garage Society had launched its first co-working space in Cyber Greens. Elaine Tsung, Founder ...
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Opportunity India Desk Apr 15, 2019 - 1 min readMicrosoft Garage India and Institute of Information Technology Hyderabad (IIITH) have partnered for running a series of lectures on quantum computing. Microsoft will be offering the scholars practical experience in quantum computing and quantum algorithms with access to the Microsoft Quantum Development Kit and Microsoft Q#. Microsoft experts will leverage Microsoft’s strength in quantum programming and ...
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Opportunity India Desk Apr 13, 2019 - 2 min readEdureka, a global E-learning platform for trending technologies, has entered into a partnership with E&ICT Academy, National Institute of Technology, Warangal (NITW). With this partnership, Edureka will launch a Post Graduate Program in Artificial Intelligence (AI) and Machine Learning (ML), which will equip professionals for cutting-edge and industry-relevant technology. The newly introduced PG Program is ...
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Opportunity India Desk Apr 13, 2019 - 1 min readCure Fit Healthcare Pvt Ltd, the health and fitness startup, has acquired cold-pressed juice brand Rejoov for an undisclosed sum. Started by Anju Sood, Anu Berry and Angie Mahtaney in 2015, Bengaluru-based Rejoov extracts juices from fruits and vegetables using the cold-pressed technique. It has several programmes and plans for delivering juices to customers’ homes. ...
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Opportunity India Desk Apr 12, 2019 - 1 min readThe Mani Pedi Spa is planning to launch 10 more outlets across NCR over the next five years in order to meet the rising demands of this rapidly growing industry. Recently, the brand has launched its second store in Galleria Market, DLF4, Gurugram. Mahema Bhardwaj, Co-Founder and Managing Director, The Mani Pedi Spa, said, “About ...