Business, News

#DealWire: Spinny Acquires HopCar and More


#Dealwire is your dose of notable M&A and partnership deals in business and technology space. Firms covered in this segment include Spinny, Hopcar, VMware, Giftxoxo, BookMyInterest and Arkin.

Delhi-Based Used Car Platform Spinny Acquires Hopcar

Delhi-based Spinny, which operates in the pre-owned car segment, has acquired Gurgaon-based Hopcar, another startup in the same industry.

“The used car market is a very fragmented segment with many different players tackling the same issues in their own ways. HopCar was one such player who were working on very similar lines to our own at Spinny. The acquisition will further strengthen our position in Delhi-NCR and bring greater efficiency to our operations in Bengaluru as well,” says Niraj Singh, CEO and Co-founder, Spinny. Read More

VMware Acquires Pune Based Arkin

Arkin, Pune and the US based data center and cloud infrastructure management company, has been acquired by VMware, a virtualization and cloud infrastructure firm. The terms and amount of the deal remain undisclosed. The transaction is expected to get closed in 2nd quarter of 2016.

Post acquisition, Arkin is expected to join VMware’s Cloud Management Business Unit, a team of people responsible for VMware’s vRealize Management Suite. It was already a NSX partner with VMware since 2015. VMware NSX is a network virtualisation platform launched during VMworld. The software is reportedly able to operate using any hypervisor and most networking hardware. Read More.

Giftxoxo Acqui-Hires BookMyInterest

Giftxoxo announced the plans of its expansion of team through acqui-hiring a marketplace for hobbies and leisure activities – BookMyInterest.

With this initiative, Giftxoxo aims to rope the customer base of BookMyInterest and its partner network to boost its current offering. The combined body will also be better poised to further drive the call for curated activities and experiences space in the country. Read More

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