Jugnoo Acquires SabKuchFresh to Strengthen Hyper-Local Delivery Services
On-demand auto-rickshaw aggregator Jugnoo has acquired SubKuchFresh for an undisclosed amount to strengthen its recently launched grocery delivery service ‘Fatafat’.
The acquisition comes after Chandigarh-based Jugnoo raised $10 million in Series B funding from mobile payments and commerce platform Paytm (One97 Communications Pvt. Ltd), Snow Leopard and Rocketship.vc in April.
“This is a step towards helping the auto drivers to supplement their livelihood through extra earnings. Jugnoo also intends to create a logistics network for the mass market of India and wants to tap the hyper-local delivery service space through best possible routes,” says Samar Singla, chief executive officer of Jugnoo. Read More
EdCast Acquires Seattle-Based Sales University
EdCast, the fast growing knowledge network for enterprise and personal learning, is thrilled to announce that it has agreed to acquire Sales University, the Seattle-based creator of a revolutionary sales training app used by over 100,000 salespeople and Fortune 500 companies.
The acquisition agreement comes just a month after EdCast announced a $16 million Series B round of funding led by GE Asset Management and Softbank Capital, and demonstrates significant growth in EdCast knowledge network adoption at Fortune 500 companies. The need for a social learning solution for sales organizations is a $20 Billion market opportunity, yet 87% of information learned at sales training is lost after just 30 days, according to ASTD (American Society of Training & Development). Read More
On Demand Beauty Startups Zapluk and Pamperazi Announce Merger
On-demand beauty, wellness and fitness app Zapluk announced its merger with Chennai-based salon service Pamperazi. Zapluk is operated by Hyderabad-based Zapforce Technologies Pvt. Ltd.
Zapluk allows customers to order beauty services at home, based on their individual preferences and customer satisfaction ratings of each beautician. In December 2015, the startup raised an angel funding from a group of investors including Alok Sharma, former CEO of Apple India. Read More
Salesforce Acquires Enterprise eCommerce Platform Demandware in a $2.8 Billion Deal
Salesforce has acquired enterprise-focused ecommerce platform Demandware in a deal worth $2.8 billion, net of cash acquired, with Salesforce offering $75 per share for all outstanding shares.
“Demandware is an amazing company — the global cloud leader in the multi-billion dollar digital commerce market,” explained Marc Benioff, chairman and CEO at Salesforce, in a statement. “With Demandware, Salesforce will be well positioned to deliver the future of commerce as part of our Customer Success Platform and create yet another billion dollar cloud.”
Founded out of Burlington, Massachusetts in 2004, Demandware offers a cloud-based ecommerce platform and related services to retailers and manufacturers around the world. Clients include Design Within Reach, Lands’ End, L’Oreal, and Marks & Spencer. Demandware went public in 2012, trading on the New York Stock Exchange (NYSE) and raising $88 million in its IPO. Read MoreCategory Business News