Square Yards acquires virtual platform PropVR
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.
Twilio acquires NEA-backed communications platform provider ValueFirst (International Deal)
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.
Aavishkaar 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 Southeast Asia.
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.
VerSe 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 interests.
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 platform.
As per ClickIndia, the acquisition will boost the user experience as well as help its customers close deals.
FarEye acqui-hires logistics startup PY Technology
Delhi-based RoboticWares, which owns and operates SaaS logistics platform FarEye, has acqui-hired logistics technology startup PY Technology.
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.
Recipients should 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.
Past performance 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.