1. Articles in category: Acquisition

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    1. Uber rival Grab appoints Paytm exec as CTO of payments arm

      Uber rival Grab appoints Paytm exec as CTO of payments arm

      Southeast Asia’s cab-hailing major Grab has appointed Vikas Agrawal as the chief technology officer of its mobile payments wing GrabPay, the company said in a statement on Thursday. Agrawal is moving from Indian e-wallet firm Paytm, where he led the engineering division. He will be based in Bangalore. Prior to Paytm, Agrawal— An IIM-Bangalore alumnus—was the founding member and CTO at Fashionara, an e-commerce startup.

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    2. Eros Now has 3.7 million paid subscribers; Digital revenues grows 42% to $20.6M

      Eros Now has 3.7 million paid subscribers; Digital revenues grows 42% to $20.6M

      Eros Now’s paid subscriber base stood at 3.7 million users at the end of September 30 (Q2FY18). Eros said that the number of paid subscribers increased 70% from 2.1 million users on March 31 (Q4FY17). The total number of registered users stood at 75 million. The company reaffirmed its target of 6-8 million paid subscribers. The paid subscribers represented 4.93% of the total registered users.

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    3. Hike Messenger partners with Airtel Payments Bank for its wallet service

      Hike Messenger partners with Airtel Payments Bank for its wallet service

      Well, this was something that we should have seen coming. Messenger application Hike has partnered with Airtel Payments Bank to power its wallet service it launched in June. Hike Messenger is run by Kavin Mittal, the son of Airtel chairman Sunil Bharti Mittal. So as the company said in its press release, it “creates great business synergy between the two partners.” Oh lest we forget, Hike is also a joint venture between Bharti Enterprises and Softbank.

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    4. Hike, Airtel Payments Bank collaborate on digital wallet

      Hike, Airtel Payments Bank collaborate on digital wallet

      Indian instant messaging application Hike on Wednesday partnered with Airtel Payments Bank to power its digital payment wallet. “We’re on track of over five million transactions this month (November) from services such as recharge and P2P.

      “We’re excited and we look forward to working with Airtel on supporting this effort to bring more Indians online and enable easy transactional services for them,” Pathik Shah, Vice President, Product, Hike Messenger, said in a statement.

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    5. CCAvenue launches its BBPS operations under BillAvenue

      CCAvenue launches its BBPS operations under BillAvenue

      Payment gateway provider CCAvenue, now a subsidiary of Infibeam, has launched BillAvenue an inter-operable digital bill payments platform. The platform is built on the Bharat Bill Payment System (BBPS) infrastructure. CCAvenue has a licence from the Reserve Bank of India (RBI) to run a Bharat Bill Payment Operating Unit (BBPOU).

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    6. Tencent becomes the first Chinese tech firm valued over $500B

      Tencent becomes the first Chinese tech firm valued over $500B

      Tencent has became the first Chinese company to be valued at more than $500 billion. Shares of the 19-year-old company, which is listed on the Hong Kong Stock Exchange, rallied to reach HK$418.80 to give it a market cap of HK$3.99 billion which takes past the $500 billion mark. Close rival Alibaba is Asia’s second-highest-valued firm at $474 billion. Entry to the half-a-trillion-dollar…

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    7. Mukesh Ambani, Samsung’s Lees tops Asia’s richest families list

      Mukesh Ambani, Samsung’s Lees tops Asia’s richest families list

      India tops with 18 names in Forbes Asia 50 Richest Families 2017.

      India’s Mukesh Ambani family is the richest in Asia as its net worth rose $19 billion to $44.8 billion, toppling the Lees of the Samsung empire, to claim the numero uno position, Forbes said. Despite dropping to the second spot, Korea’s Lee family still saw its wealth soar by $11.2 billion to $40.8 billion this year as shares of Samsung Electronics moved up 75 percent over the past year.

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    8. Ascent Health racks up multiple acquisitions post Rs 400 crore Everstone funding

      NEW DELHI: Everstone Capital-backed Ascent Health and Wellness has racked up multiple acquisitions across the country as the Mumbai-based company pushes deeper into the pharmaceutical distribution space. The four-year-old company is targeting more buyouts by the end of the current fiscal.

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    9. Yatra losses increase to Rs 77.74 crore as marketing and personnel expenses mount

      Yatra losses increase to Rs 77.74 crore as marketing and personnel expenses mount

      Online travel company, Yatra.com posted losses Rs 77.74 crore for the quarter ended September 2017 (Q2FY18). Losses at the company expanded from Rs 4.83 crore in the preceding quarter and from Rs 41.9 crore in the same quarter last year.

      Total revenues at the company stood at Rs 257.53 for the quarter increasing 33% from Rs 193.62 crore in the same quarter last year. Sequentially, total revenues stood decreased 14.98% from Rs 302.92 crore.

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      Mentions: Ebitda Yatra
    10. Infibeam net profit at Rs 21.6 crore in Q2FY18; CCAvenue processed Rs 4,579 crore

      Infibeam net profit at Rs 21.6 crore in Q2FY18; CCAvenue processed Rs 4,579 crore

      E-commerce and web services company Infibeam posted a net profit of Rs 21.6 crore for the September quarter (Q2FY18), growing 9.64% from Rs 19.7 crore in the preceding quarter. On a year-on-year basis, net profit was up 177% from 7.8 crore.

      Profitability was primarily driven by the web services segment. The management added that it is tweaking its business model and moving to a subscription and transaction-based model where it would add earnings from its payments arm CCAvenue.

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    11. Ascent Health racks up multiple acquisitions post Rs 400 crore Everstone Capital funding

      Ascent Health racks up multiple acquisitions post Rs 400 crore Everstone Capital funding

      NEW DELHI: Everstone Capital-backed Ascent Health and Wellness has racked up multiple acquisitions across the country as the Mumbai-based company pushes deeper into the pharmaceutical distribution space. The four-year-old company is targeting more buyouts by the end of the current fiscal.

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    12. Growth in hotel segment lifts Yatra’s Q2 revenue; loss widens

      Growth in hotel segment lifts Yatra’s Q2 revenue; loss widens

      Nasdaq-listed Yatra Online Inc, which operates online travel site Yatra.com through its India unit, reported higher revenues for the quarter ended 30 September driven by growth in the hotel segment. Revenues rose 33% year over year to Rs 257.5 crore from Rs 193.6 crore in the year-ago period. However, its loss widened to Rs 77.7 crore in the quarter from Rs 41.2 crore a year ago.

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    13. EbixCash Financial Exchange reports revenue of $11.1 million in Q3 2017

      EbixCash Financial Exchange reports revenue of $11.1 million in Q3 2017

      EbixCash Financial Exchange reported revenue of $11.1 million for the quarter ended September 2017 (Q3 2017). In Q2 2017, EbixCash Financial exchange reported revenues of $8.4 million. Nasdaq-listed Ebix, which provides software for the insurance, financial, e-governance and healthcare industries, renamed ItzCash as EbixCash after it bought the company for $120 million in August.

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    14. Paytm to acquire hyperlocal deal sites Little and Nearbuy for $30 million: Report

      Paytm to acquire hyperlocal deal sites Little and Nearbuy for $30 million: Report

      The deal will help Paytm ramp up its online-to-offline (O2O) presence.

      Two months after it began talks with hyperlocal deal sites Little and Nearbuy, Paytm would be acquiring both in a “distress sale” for an estimated $30 million. It is a stock and cash deal, and Paytm is paying less than half the money raised — $80 million — by both startups, according to reports.

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    15. Paytm Set To Acquire Nearbuy, Little At A Reduced Valuation Of $30 Mn; Both Had $80 Million Funding!

      Paytm Set To Acquire Nearbuy, Little At A Reduced Valuation Of $30 Mn; Both Had $80 Million Funding!

      This is a typical case of a bigger startup engulfing two smaller, distressed startups at a killer price tag.

      Nearbuy and Little, two different local deals apps with combined funding of $80 million have been bought by Paytm for just $30 million. And this acquisition has been done to boost Paytm’s next big gamble: Online to offline business model.

      Will it work?

      Nearbuy, which was formerly Groupon India, had backing of Sequoia India, which had invested $20 million into the startup.

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    16. Paytm to acquire Nearbuy, Little for around $30 million: Report

      Paytm to acquire Nearbuy, Little for around $30 million: Report

      Nov 13, 2017 10:20 AM IST | Source: Moneycontrol.com Paytm to acquire Nearbuy, Little for around $30 million: Report Nearbuy (formerly known as Groupon India) and Little Internet provide online discount coupons for restaurants and salons, and commercial establishment deals. Moneycontrol News @moneycontrolcom Moneycontrol News Online commerce and payments company Paytm is likely to acquire two startups — Nearbuy and Little for around USD 30 million, reports the Times of India .

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    17. Paytm set to buy deals sites Little, Nearbuy

      Paytm set to buy deals sites Little, Nearbuy

      BENGALURU: Two of the most well-funded daily-deals sites — Nearbuy (formerly Groupon India ), and Bengaluru-based Little backed by SAIF Partners and Singapore's GIC — are being acquired by the Vijay Shekhar Sharma-led Paytm in a distress sale. Both the companies had together raised more than $80 million in capital and are now being bought out for around $30 million in what is a mix of a cash-and-stock transaction, people familiar with the matter said.

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    18. Ambitious new media firm ByteDance is no longer a secret outside of China

      Ambitious new media firm ByteDance is no longer a secret outside of China

      ByteDance is a name that is about to become very familiar to everyone in international tech circles. Really it should already be. It is valued at $20 billion and its flagship Toutiao news reader app is one of China’s fastest growing internet services with 120 million daily users. It is in the process of raising a $2 billion funding round and revenue for this year is reportedly forecast…

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    19. Alibaba seeks regulatory nod to buy into BigBasket

      Alibaba seeks regulatory nod to buy into BigBasket

      Chinese e-tailing giant Alibaba has sought formal approval from the Competition Commission of India to acquire a stake in the country’s top online grocer BigBasket, a person aware of the development told VCCircle. Supermarket Grocery Supplies Pvt. Ltd, which operates BigBasket, will receive the investment from Alibaba.com Singapore E-Commerce Pvt. Ltd, a subsidiary of Alibaba Group Holding Ltd, the person said.

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    20. Customer engagement services provider TeleTech to acquire BPO firm Motif

      Customer engagement services provider TeleTech to acquire BPO firm Motif

      The New York Stock Exchange-listed customer engagement services provider TeleTech Holdings, Inc will acquire California-based business and knowledge process outsourcing services firm Motif, Inc. TeleTech will acquire Motif through its subsidiary TeleTech Services Corporation in two transactions. In the first deal, TeleTech will acquire a 70% stake in Motif from private equity and certain individual investors for $46.9 million (Rs 305 crore).

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      Mentions: Essar BPO KPO
    1-24 of 6506 1 2 3 4 ... 269 270 271 »
  1. Categories

    1. Markets:

      Bollywood, Gaming, Maps/Local, Mobile, Outsourcing, Social Networking, Telecom, Travel, Video
    2. Financing:

      Acquisition, Funding
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      Jobs, Reports
  2. Popular Articles

  3. Organizations in the News

    1. (13 articles) Flipkart
    2. (12 articles) Softbank
    3. (8 articles) Google
    4. (7 articles) Npci
    5. (6 articles) OLA
    6. (5 articles) GIC
    7. (5 articles) Reserve Bank of India
    8. (5 articles) National Payments Corporation of India
    9. (4 articles) Airtel
    10. (4 articles) Reliance Industries Limited
    11. (4 articles) KYC
    12. (4 articles) Samsung
  4. People in the News

    1. (1 articles) Rohit Bansal
    2. (1 articles) Shekhar Sharma
    3. (1 articles) Manish Chopra
    4. (1 articles) Kunal Bahl
    5. (1 articles) Vidmay Naini
    6. (1 articles) Dhruv Shringi
    7. (1 articles) Anil Bhat
    8. (1 articles) Mother Dairy
    9. (1 articles) Manish Amin
    10. (1 articles) Mohit Saxena
    11. (1 articles) Gurdeep Singh
    12. (1 articles) Amit Agarwal
  5. VC Funds in the News

    1. (6 articles) Sequoia Capital India
    2. (4 articles) ICICI Bank
    3. (3 articles) SAIF Partners
    4. (2 articles) Maverick Capital
    5. (1 articles) Accel India
    6. (1 articles) Norwest Venture Partners
    7. (1 articles) Bessemer Venture Partners