#Dealwire is your dose of notable M&A and partnership deals in business and technology space. Firms covered in this segment include Voonik, Dekkoh, Delta Corp, Adda52, Info Edge, Canvera, Hansa Cequity and inloyal
Voonik Acquires Styling and Personalisation App Startup Dekkoh
Fashion marketplace Voonik has acquired Bangalore-based app startup Dekkoh, in order to strengthen its personalization engine. Dekkoh is a fashion discovery platform that allows users to chat with a personal stylist and further buy apparel & accessories.
The startup was founded in November 2015 by Aditya Chalasani and Varun Mathew. This follows the line of acquisitions Voonik has made in the recent few months, including Zohraa, Picksilk, Styl, TrialKart and Getsy. In July 2016, the eCommerce company had raised Rs.20 Cr in Debt Funding, and $20 million in equity funding in June 2016.
Listed-Hospitality firm Delta Corp Buys Adda52.com for Rs 182 Cr
Pune-based hospitality firm Delta Corp, which operates casinos and resorts in Goa, is acquiring Gaussian Networks Pvt Ltd, which operates online poker site adda52.com. The deal worth Rs 182 crore would be made in cash & stock. Gauss’ revenue in financial year 2015-16 was Rs 47.13 crore..
Founded in 2013 by Anuj Gupta, Gaussian Networks owns a series of gaming portals. Delta Corp will merge these entities within its own business by mid 2017, to enter the online gaming market. It is listed in NSE, and had hit its all time high on 31st August when the deal was announced. Read More
Info Edge Acquires Majority Stake in Canvera
Info Edge has finally picked up a majority stake in its investment portfolio company Canvera. Naukri.com’s parent has invested an additional Rs 17.3 crore in the photography startup, to acquire a total of 57% stake in the firm. The investment is part of a total fundraising round of Rs 20 crore.
Before this round, Info Edge owned a 49% stake in Canvera, for a total investment of Rs 90.1 crore invested since 2012. The last transaction was of Rs 15 crore in December 2015. Canvera was founded in 2007 by Dhiraj Kacker and Peeyush Rai and it entered the eCommerce sector in 2011. Read More
Martech Firm Hansa Cequity Acquires inloyal
Bengaluru-based marketing technology firm Hansa Cequity has acquired Mumbai-based mobile loyalty startup, inloyal. The financial details of the transaction haven’t been disclosed.
inloyal was founded in 2014 by Kunal Mehta and Urvi Mehta. The app acted like a mobile wallet for consumers, and a SaaS based loyalty program for businesses targeting those consumers. It counts Oberoi Mall, Infiniti Mall, Lulu Mall and the likes among its clients. Read More