Business, News

#Dealwire – GO-JEK Acquires Bengaluru-Based Pianta; Paytm Buys Edukart & More

Shown Above: Nadiem Makarim, Founder & CEO, Go-Jek

Shown Above: Nadiem Makarim, Founder & CEO, Go-Jek

#Dealwire is your dose of notable M&A and partnership deals in business and technology space. Firms covered in this segment include Go-Jek, Pianta, Paytm, Edukart, Zomato, Sparse Labs, Xeeva, ProcurePack, Apple, Tuplejump, Trybeca and Pipes

Indonesia Based Go-Jek Acquires HealthTech Startup Pianta

Indonesian hyperlocal transport, logistics and payments startup, Go-Jek, has acquired Bangalore-based Healthtech startup Pianta for an undisclosed sum. The latter is a home healthcare services marketplace which was founded in 2015 by Swaminathan Seetharaman, Ganesh Subramanian and Nitin Agarwal. It had raised seed investment in May 2016 from FreeCharge founders Kunal Shah and Sandeep Tandon. The deal is in line with Go-Jek’s continuous diversification of services. Read More

Paytm Buys EdTech Startup Edukart

Paytm has acquired New Delhi-based EdTech startup Edukart in an all stock deal. 50 members of the latter’s team including its CEO, Ishan Gupta, have joined Paytm in different capacities. Edukart was founded in 2011 by Ishan Gupta and Mayank Gupta, to create a marketplace for different academic courses. It had raised $2 million in investment from YouWeCan Ventures and others in June 2015. And prior to that it had raised $500,000 in seed investment in May 2013. The acquisition was made after Edukart reportedly ran out of cash. Read More

Zomato Acquires LogiTech Startup Sparse Labs

In order to give its partner restaurants a real time delivery tracking system, Zomato has acquired Gurgaon-based Sparse Labs. Sparse Labs which will be renamed as Zomato Trace, will offer GPS tracking technology that can be fitted onto delivery vehicles. The bootstrapped startup was founded in 2014 by Pankaj Batra. The aim of the acquisition is to gain leverage against Swiggy, which has its own managed fleet. Read More

Procurement Software Provider Xeeva Buys ProcurePack

Procurement software and e-Invoicing provider Xeeva has acquired Gurgaon-based e-procurement tool ProcurePack. The financial details of the deal have not been disclosed. Procurepack is a cloud-based tool developed by Source Web Solutions, which offers solutions like e-RFP, e-auction, supplier management and spend management. Source Web was founded by Manesh Jain and Konark Singhal in 2012. Read More

Apple Acquires Hyderabad-Based Machine Learning Startup Tuplejump

Apple has acquired Hyderabad-based machine learning startup Tuplejump. The financial details of the deal are undisclosed. This update comes a month after Apple’s acquisition of another machine learning company Turi. Tuplejump was founded in 2013 by Rohit Rai, Satyaprakash Buddhavarapu and Deepak Alur. Read More

Marketing Analytics Platform Trybeca Acquires News Curation App Pipes

Marketing analytics platform Trybeca has bought AI-based news curation app Pipes. Mumbai-based Pipes was founded by Vinay Anand and Siddharth Goliya in 2014. It had raised close to $200,000 in a seed round. Trybeca will deploy the developed technology within its own products. Read More.

Image Credit: Meraputih

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