Tag Archives: Acquires

Nippon Express acquires 22% stake in Biyani’s Future Supply Chain Solutions

The transaction, valued at ₹641 crore, will be used to fund FSC’s growth plans Japan’s Nippon Express has acquired a 22 per cent stake in Kishore Biyani’s Future Supply Chain Solutions Ltd (FSC) for ₹641 crore as the logistics company looks to tap into the rapidly-growing Indian logistics market. As part of the deal, Nippon Express has bought the 14.6 per cent ... Read More »

Razer Acquires Nextbit, Sale of Nextbit Robin Halted

In a surprise move, cloud-centric smartphone maker Nextbit has been acquired by gaming company Razer. While the financial details have not been disclosed, the company’s assets and employees will be absorbed by Razer moving forward. In its blog, Nextbit said that even though it is now a part of Razer, the company will not falter from its mission. It will ... Read More »

Housejoy Acquires Fitness Startup Orobind

Home services booking portal Housejoy on Wednesday announced its acquisition of Orobind, a startup which provides a mobile app for discovery and home booking of personal fitness coaches. The terms of the acquisition were not disclosed. The entire Orobind team will also be moving to Housejoy. As a part of the deal, Housejoy has acquired the trainers of Orobind, the ... Read More »

Amazon Acquires Indian Payments Processor Emvantage

Amazon.com Inc said it has acquired Indian payments processor Emvantage Payments Pvt Ltd for an undisclosed sum. Emvantage’s employees will join Amazon’s India unit that will use the company’s technology on its e-commerce website, Amazon said in a statement. Amazon has been rapidly expanding into India’s fast growing e-commerce segment that is likely to grow to $220 billion (roughly Rs. ... Read More »

Microsoft Acquires Groove Music App for iOS From Zikera

Microsoft has acquired the Groove music app for iOS from Canadian startup Zikera. The Groove app creators confirmed the acquisition stating that, “We are thrilled to announce that Groove has been acquired by Microsoft!” Zikera in its Medium post on Wednesday added that the Groove app is no longer available to download but those who have already downloaded the app ... Read More »