Zomato continues to make more investments into start-ups/ emerging companies. 1. Rs 112.2 crore for 19.48% into Adonmo Private Limited Founded in 2016, Adonmo is focused on outdoor digital advertising. The Company reported a revenue of Rs 3.3 crore in FY 21. Investment by Zomato is cash consideration and values Adonmo at Rs 576 crore. … Read more
Indiamart has recently announced a series of acquisitions/ investments. 1. Rs 500 crore for 100% buyout of Busy Infotech Private Limited Consideration is entirely paid in cash. The company provides ‘BUSY Accounting Software’ – a web based business accounting solution for the companies. The solution also offers GST billing & return filing, TDS/TCS, configurable GST … Read more
Nazara plans to acquire 55% of Dataworkz, a digital advertising company. Key points to note – Dataworkz was founded in 2013 by Senthil Govindan, an IIM Ahmedabad Alumnus. For the calendar year 2021, it reported Revenues of Rs 90.7 Cr and EBIDTA of Rs 11 crore. As the net profit number is not disclosed, very … Read more
Marc Andreessen is among the biggest defenders of the prospects of Web3. Web3 is proving to be the most divisive idea in the tech sector in years. Proponents see it democratizing the internet, while critics view it as a VC plaything. Investors say there are challenges to overcome, but the adoption of Web3 could be … Read more
TCS has informed that it would be considering buyback of it’s shares on January 12, 2021 along with the 3rd quarter results. Key points to note – Other than the general intimation that the board will consider buyback on January 12th, the Company has not provided any further details. This is the 4th buyback that … Read more
Micro Services aims to take on AWS. M30. The firm has launched M30, a cloud computing platform designed to challenge Amazon’s dominance. Insider got an exclusive look at the pitch deck Micro used to bring investors on board. Micro Services, a cloud computing firm founded by an ex-Googler, has raised $2 million in seed funding … Read more
Tiger Global-backed Byju’s is in talks for a U.S. listing through a deal with veteran dealmaker Michael Klein’s blank-check firm that could value the Indian edtech firm at $48 billion, a source told Reuters on Thursday. Byju’s, which offers online education and caters to all age groups, has benefited from a boom in online education … Read more