Ibibo, the joint venture between Chinese Internet company Tencent & South African media conglomerate Naspers, has demerged its travel business Goibibo, online marketplace shopping business Tradus & ad network business ibiboads into a group company called PVJ E-Commerce Private Limited.
We rang up a few people who could possibly tell us if it is true and some parts of the report doesn’t ring true. I’m going to go out on a limb and say that it is likely to remain a rumor.
Last week, Venture Capital firm Sequoia invested $15 mn in Girnar Software for a 20% stake in the company. The deal values Girnar Software at $75 mn or a little over Rs 450 cr.
Japanese technology company Hitachi has acquired Prizm Payment Services, a Chennai based ATM & POS system provider backed by Sequoia Capital, Axis Bank and Winvet Holdings.
Digital content services company Trivone has acquired Godot Media, a Bangalore-based specialist Content Services company serving customers in the US and India.
San Francisco based mobile payments company Boku has acquired Qubecell, a one year old startup in India for an undisclosed amount.
Amex owned customer loyalty management company Payback and Nasdaq listed Overstock.com are in talks to acquire Klisma, an e-commerce company owned by mid sized IT services company Persistent Systems.
Software product think tank Indian Software Products Industry Roundtable (iSPIRT) has partnered with Signal Hill, an Investment banking firm in the United States to help mergers and acquisitions in the product ecosystem in India. Through the iSPIRT M&A connect program,…
The GlobalLogic business will be acquired by ODSA Topco Limited, a company backed by Funds advised by Apax Partners.
Canadian insurance major Fairfax has agreed to buy ailing phone maker BlackBerry in a $4.7bn transaction, paying $9 per share in cash to shareholders, the company has said. The phone maker said that it is entitled to scout for other…