Dealwire is your dose of notable tech M&A and partnership deals in business and technology space. Firms covered in this segment include Aon Hewitt, CoCubes, Paytm, Shopsity, Reliance, FunOnGo, Mogae Media, Ao1, Facebook, CrowdTangle, Samsung, Harman, Go-Jek and LeftShift
Aon Hewitt Acquires Online Assessment & Recruitment Tech Firm CoCubes
Human capital assessment and management consulting firm, Aon Hewitt, has acquired Gurgaon-based CoCubes. The financial details of the strategic acquisition remain undisclosed.
CoCubes is an employability skill assessment and recruitment platform. It was founded in August 2007 by Harpreet Singh and Vibhore Goyal, it had raised seed investment of $2 million from Ojas Venture Partners. Both the founders would be joining Aon Hewitt’s India team. Read More
Paytm Buys O2O Retail Startup Shopsity
Payment-tech firm Paytm has acquired hyper local retail discovery startup Shopsity, for an undisclosed amount. The company offers O2O solutions for offline retailers and the deal is in line with Paytm’s strategy of enabling offline merchants. It was launched in March 2015 by Danish Ahmed and Gaurav Arya. Both the founders have now joined Paytm. Read More
Reliance Big Entertainment Acquires Majority Stake in FunOnGo
Anil Ambani-owned Reliance Big Entertainment, has acquired a two-third stake in FunOnGo, a tech firm that has created entertainment app Chillx. The multi-lingual app would now be launched by Reliance, and will offer a range of content including games, music and films.
Funongo Media & Entertainment LLP was founded in December 2015 by Ujjwal Narayan, Shibasish Sarkar and Sweta Vikas Agnihotri. Read More
Mogae Media Acquires Video Platform Ao1
Digital marketing firm Mogae Media has fully acquired personalised video platform Ao1 for an undisclosed sum. The company had announced a $15 million fund in June 2016 to acquire and fund digital startups. Ao1 was founded by Ashish Dabral in 2015, and is building a real-time personalised content delivery platform, that advertises can leverage. Read More
Facebook Acquires Content-Tracking Startup CrowdTangle
Facebook has acquired content discovery and performance startup, CrowdTangle. The financial details of the deal haven’t been disclosed. Facebook is looking to integrate its features into its own publishing platform, to give better insights to publishers. It was founded by Brandon Silverman and Matt Garmur, in 2012. Read More
Samsung is Buying Harman in An All Cash Deal Worth $8B
In order to bolster its connected car technology development, Samsung is acquiring US-based entertainment tech firm Harman. It is an all cash deal worth $8 billion. The Korean tech firm claims that over 30 million vehicles are currently equipped with Harman’s connected car and audio systems. The acquired company will operate as an independent subsidiary, headed by Harman’s Chairman & CEO, Dinesh Paliwal. Read More
Go-Jek Acquires Pune-Based App Developer LeftShift
Bangalore-based product development centre of Indonesian firm Go-Jek, Go-Jek India, has acquired LeftShift, a Pune-based mobile app developer. This is the fourth Indian acquisition by the company, it had also acquired HealthTech Startup Pianta in September 2016.
Leftshift was founded in 2007 by Sudhanshu Raheja and Abhinit Tiwari. It had been working with Go-Jek since the past one year, and will now be completed assimilated into its Bangalore team. Read More