Gurgaon based Real Estate Brokerage firm Square Yards, Founded in 2013 has acquired Chennai based PropVR, an AI-based platform specialising in creating digital property experiences using 3D technologies, virtual reality and augmented reality (VR and AR).
Square Yards is India’s largest integrated platform for Real Estate & Mortgages and one of the fastest growing Proptech platform in UAE, Rest of Middle East, Australia & Canada. Having footprints in 13 cities in India and 12 Countries across the globe. The deal marks Square Yards’ third acquisition in recent times. Last year, it acquired Azuro, a rentals and property management platform. Recently, it bought PropsAMC, a platform focused on data intelligence, asset management and real estate services.
CashRich Acquires WealthApp
Thane-based CashRich, founded in 2016 a financial-technology firm focused on the wealth segment, has acquired the mutual fund distributions business of WealthApp in an all-cash deal.
CashRich is an app where individuals can invest in mutual funds and buy insurance products easily. The acquisition will help CashRich strengthen its position as a prominent investment platform in the country.
CashRich says it also raised an undisclosed amount in equity funding from three United Kingdom-based investors to finance this acquisition. Following this, CashRich says its user base will reach two lakh, with the assets managed by WealthApp’s mutual funds segment being merged with its own. It is also exploring more acquisition opportunities.
acquires NEA-backed communications platform provider ValueFirst (International
San Francisco-Headquartered cloud
communication firm Twilio has acquired Gurugram based ValueFirst, one of
India’s leading Communications Platform as a Service (CPaaS) player. The
acquisition comes nearly a year after Twilio began operations in India.
Twilio has democratized communications channels like voice, text, chat, video, and email by virtualizing the world’s communications infrastructure through APIs that are simple enough for any developer to use, yet robust enough to power the world’s most demanding applications. Twilio has presence in 18 countries across the globe. ValueFirst had also bought several companies prior to its own acquisition. Some of these include Octane Marketing, Rocket Science Technology, clk2c.com, and Gingersoft Media.
Last fiscal year, ValueFirst processed over 42 billion SMS messages and was one of India’s largest messaging aggregators and CPaaS players. Twilio aims to benefit from ValueFirst’s customers, market know-how and product offerings, to further scale their operations in India.
Group advisory arm Intellecap acquires NR Management Consultants
Mumbai Based Intellecap, founded in 2015 the
advisory arm of impact-focused Aavishkaar Group, has fully acquired NR
Management Consultants India (NRMC).
Intellecap is the advisory arm of The Aavishkaar
Group, which works to build businesses that can benefit the underserved
segments across Asia and Africa. It has global recognition and having 29
offices across the globe.
Delhi Based, NRMC is research-focused and possesses
an understanding of natural resources and rural development in India and
The acquisition will help it drive more capital to
natural resource-driven carbon sequestration solutions, with a focus on
mitigating climate change.
Aavishkaar Group Apart from Intellecap has other group entities which includes Aavishkaar Capital, Arohan, IntelleGrow, Tribe, and Sankalp. Investors in Aavishkaar Group include Shell Foundation, Triodos Bank, TIAA-Nuveen, and Dutch development bank FMO.
Innovation (Dailyhunt) buys Vebbler to boost short-video app Josh
VerSe Innovation, based in Bengaluru which runs news aggregating
platform DailyHunt and short-video application Josh India, has acquired Vebbler,
a community-focused photo and video sharing application.
VerSe Innovation is a local language technology platform. Its platform
Josh & Dailyhunt is the best platform to reach millions of consumers of
regional language content. Josh is India’s fastest growing short video app. The
platform of choice for the top creators.
Vebbler is a print-on-demand platform that enables people to easily
personalize and print their photos onto photobooks, frames, magnets, canvases,
posters and more.
The combination of Vebbler’s product capabilities and Josh platform will
improve ability to drive innovation around camera and social engagement, and
play a more meaningful role in capturing the mindshare, timeshare, and revenue
share of Bharat’s local language users.
Homegrown app Josh has raised over $200 million so far from investors such as Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar, and Glade Brook Capital Partners. Google, Microsoft and AlphaWave have also backed the firm.
Vidal Health Insurance acquires Vipul MedCorp
Bangalore Based Vidal Health Insurance Services had
acquired the Gurgaon Based Vipul MedCorp. This is the first such deal in the
third-party administrator (TPA) space.
Vidal Health Insurance TPA Pvt Ltd was established
in March 2002 with the mission to provide top quality TPA services to Health
Insurance policyholders and be the most preferred TPA in India. They are licensed
by IRDA (Insurance Regulatory & Development Authority – License No. 016)
and have been empanelled by leading insurance companies, both public sector and
private, across different regions of the country. Vidal Health’s provider
network partnerships extend to Asia, Europe and North America.
Vipul MedCorp Insurance TPA Private Limited, a
company promoted by Vipul group is engaged in the managed healthcare
facilitation & has obtained a license from IRDA for TPA activities.
The combined revenue of both companies will exceed
Rs 200 crore after the acquisition is complete. The merged entity of Vipul
Medcorp with Vidal Health will make it the second largest third-party
administrator in the Indian insurance sector. After the merger, Vidal Health
will have an equal share of government business, corporate business and retail
business in health insurance.
Along with this acquisition, Vidal Healthcare Services (VHC), the parent entity of Vidal Health has also acquired a group company of Vipul Medicorp, Vipul Medcare.
Marketplace ClickIndia.com has bought software-as-a-service (SaaS) Startup Directly.live
Directly.live is a provider of
software-as-a-service (SaaS) based in India set up by IIT-Delhi student Mayank
Dubey that helps schedule meetings. Individuals and companies can integrate its
platform into their systems and connect with customers or audiences through
one-on-one video calls.
ClickIndia, a classified ad posting site, providing
an easy way to search, buy or sell, to exchange, to interact for common
ClickIndia said the acquisition will boost user
experience as well as help its customers close deals. The company, operated by
ClickIndia Infomedia Pvt Ltd, was set up in 2007 and operates as a classifieds
As per ClickIndia, the acquisition will boost the user experience as well as help its customers close deals.
Delhi-based RoboticWares, which owns and operates
SaaS logistics platform FarEye, has acqui-hired logistics technology startup PY
Acqui-hire refers to a sale that is focused on employee talent, rather
than the company’s services or products. The deal will help FarEye strengthen
its solution engineering execution to increase value for customers and build an
internal incubation cell, according to a statement.
Previously known as PRTouch, PY Technology was founded by Jignesh Vasani
in 2012. It develops enterprise resource planning (ERP) solutions for the
logistic industry. The Mumbai-based startup offers end-to-end logistic
technological solution, a cloud-based platform, warehouse management and a
tracking transport system. Post deal, Vasani will join FarEye as vice president
of professional services.
The synergy is aiming to drive innovation in the industry by solving the
complex challenges that cost the supply chain and logistics industry trillions
of dollars globally.
Founded by Nahata, Gautam Kumar and Gaurav Srivastava in 2013, FarEye is a SaaS-based logistics management platform that digitises the way enterprises dispatch, execute, track and optimise the movement of goods. The platform leverages data capabilities to predict the journey and improve delivery experience for a range of business sectors including B2B brands in food, grocery, furniture, pharmacy and carriers. The solution is used by more than 150 customers, including companies such as DHL, Walmart, Amway, Domino’s and Hilti, across 30 countries.
This data is
prepared based on the offer documents and available market information nothing
contain in this data are in violation of any laws, rules, regulation,
directive, guideline etc. of any regulatory authority. This newsletter is
prepared for the information purpose only nothing contain in this data are
intent to any means of invitation to subscribe or invest in the securities of
the company. These data and report are subject to copyright in favour of BBL
therefore, Reproduction or dissemination, directly or indirectly in any form is
prohibited except with the prior written permission of Beeline.
not construe any of the contents within the document as advice relating to
business, financial, legal, taxation, or investment matters and are advised to
consult their own business, financial, legal, taxation and other advisors. This
document does not constitute an offer for sale, or an invitation to subscribe
for, or purchase equity shares or other assets or securities of any Company and
the information contained herein shall not form the basis of any contract. This document are also not meant to be or to
constitute any offer for any transaction.
is not a guide for future performance, future returns are not guaranteed and
investors may suffer losses which may exceed their original capital. The user
should consult their own advisors to determine the merits and risks of
investment and also read the Risk Disclosure Documents for Capital Markets and
Derivative Segments as prescribed by Securities and Exchange Board of India
before investing in the Indian Markets.