Business, News

#Dealwire – Italian Firm Ubiquity Buys Bangalore-Based Solutions Infini & More

Shown Above -  Dario Calogero, Founder and CEO, Ubiquity & Aniketh Jain, Co–Founder and CEO, Solutions Infini Shown Above - Dario Calogero, Founder and CEO, Ubiquity & Aniketh Jain, Co–Founder and CEO, Solutions Infini

Shown Above – Dario Calogero, Founder and CEO, Ubiquity & Aniketh Jain, Co–Founder and CEO, Solutions Infini

#Dealwire is your quick dose of notable M&A activity in the technology ecosystem. Firms covered in this segment include Ubiquity, Solutions Infini, Lendingkart, KountMoney, Freshdesk, Chatimity, vMobo, Binge, MakeMyTrip and Ibibo Group.

Italian Firm Ubiquity Buys Bangalore-Based Solutions Infini

With an aim to tap into emerging markets like India, Italian mobile services provider, Ubiquity, has acquired a 51% majority stake in Bengaluru-based Solutions Infini, a enterprise communication and cloud telephony services firm. The financial details of the deal haven’t been announced.

Ubiquity aims to make more strategic tie ups in the mobile & telecom sector in India. Solutions Infini was founded in 2009 by Aniketh Jain; Ashish Agarwal; Mohammad Faraz; Vinay Jain and Shivam Prasad. Read More

Lendingkart Acquihires Loans Marketplace KountMoney

Ahmedabad-based Lendingkart, that offers loans for small businesses, has acqui-hired online lending marketplace for personal loans, KountMoney. Bangalore-based Kountmoney was founded in September 2015 by Deepak Modak, Gaurav Somani, Abhi Ranjan and Abhishek Periwal.

Whereas Lendingkart was founded in 2014 by Harshvardhan Lunia and Mukul Sachan. In June 2016, it raised $32 million in Series B round led by Bertelsmann India Investments. Read More

Freshdesk Buys AI Startup Chatimity

Cloud-based customer support software maker, Freshdesk, has acquired AI based chatbots maker – Chatimity. The financial details of the deal haven’t been disclosed.

Bangalore-based Chatimity was founded in 2011 by Tarkeshwar Thakur and Aravind Murthy. It has built bots to facilitate conversational commerce to help websites drive engagement. Read More

California-Based vMobo Acquires Bangalore-Based Binge for $3.5M

California-based marketing firm vMobo has acquired Bangalore-based fintech startup Binge at a valuation of $3.5 million. The acquisition was coupled with a merger with Mumbai-based styling startup Dapper Don. The merged entity launched a network marketplace of about 120 brands, called VClusive.

Binge operated as a mobile wallet aggregator app for restaurant bill payments. It was founded by Ajay Joseph, Santosh Martin, Christopher Lopez, and Shankar Sukurutraj in August 2014. Read More

MakeMyTrip & Ibibo Group Consolidate Travel Businesses

NASDAQ-listed online travel firm MakeMyTrip (MMYT) and Naspers-owned Ibibo Group are merging the two travel businesses under MMYT. The all stock deal worth $720 million would observe Ibibo’s stakeholders getting freshly issued stocks in MMYT. The combined entity is worth $1.8 billion, making it the biggest firm in Indian online travel industry. Read More


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