Knowlarity Communications Acquires Smartwards
New Delhi: Cloud telephony company, Knowlarity Communications, has acquired Delhi-based startup Smartwards for an undisclosed amount. Smartwards is a customer engagement platform that simplifies loyalty for local businesses and their customers.
As a part of deal, cofounders of Smartward, Shantanu Mathur and Dhanraj Singh Bisht will join Knowlarity as lead in India operations. Shantanu has previously been the CEO of eCommerce portal FashionAndYou. Founded in 2013, Smartwards’ proprietary technology enables SMBs to identify, reward and engage customers, in-store and out-of-store. It has a presence in over 150 locations across eight cities.
TinyOwl Merges Heads Towards Merging with Runnr
Bangalore: Online food delivery startup, TinyOwl and Hyperlocal Logistics startup Runnr will soon merge in an all stock deal. Both the companies have Sequoia and Nexus Venture Partners as their common investors. The aim is to come out as an integrated hyperlocal delivery service, to win more customers and expand their business.
Earlier in March, reports came up stating that the two startups are in early stage talks on merge in an all stock deal. Post acquisition, the combined entity will build a out a consumer-facing product called Runnr.
On-demand Logistics Startup Moovo Acquires its Peer GoGoods
New Delhi: On-demand logistics booking platform, Moovo, has acquired a startup working on a similar segment, GoGoods in all stock deal. The deal aims to expand the company’s network in the states of Bihar and Jharkhand. As a part of the deal, the five member team at GoGoods will join Moovo.
Founded by Nishant Kumar and Anurag Satyarth in 2014, GoGoods aggregates trucks for intracity transport in Patna and Ranchi.
On-Demand Drivers Provider Driverskart Acquires Driven
Chennai: On-demand chauffeur provider platform, Driverskart, has acquired Mumbai-based Driven in an equity and cash deal. This news comes in just days after Driverskart raised Pre-Series A round of funding led by Namit Agarwal, Primarc Group, Lead Angels, ah! Ventures, and Silicon Valley investors.
Vinit Srivastava, Co-founder and CEO of DriversKart, said, “Driven has a very strong team and good presence in the Mumbai consumer market and there is immediate value in this deal for DriversKart. We get access to a team who was equally excited and passionate about this space and have had tremendous learnings in short span of time.”
Founded by Arun Gandhi, Aman Sancheti, Gaurav Deshmukh, Nikhil Tavora, and Shivalik Sen in August 2015, Driven has been serving almost 1,000 customers a month, making an average of Rs 400 per ride.Category Business News