Did Axis Bank Lap Up FreeCharge For A Song, Or Pay A Tad Too Much?

India’s third-largest private-sector lender Axis Bank snapped up beleaguered digital wallet firm FreeCharge for $60 million (Rs 385 crore) last week. In the process, it pipped other suitors such as bigger digital wallet firms Paytm and MobiKwik, e-commerce major Amazon, payments firm PayPal, Airtel Money and South Africa’s Internet group Naspers.

Quikr’s Quick-Fire Acquisitions: Is It Time To Consolidate Now?

When cross-category classifieds company Quikr announced the acquisition of home services startup Zimmber earlier this month, it marked the firm’s eleventh buyout in less than two-and-a-half years.

Oracle To Offer Plug-And-Play AI Solution To Marketers

The battle of the marketing Clouds is hotting up with Oracle announcing the launch of its Adaptive Intelligence Applications (AIA) — a plug-and-play artificial-intelligence solution.

TCS To Decide On Share Buyback Next Week

India’s largest software exporter TCS said it will consider a share buyback at a board meeting next week.

Outlook 2017: Tech Industry Faces A Volatile Year Ahead

“2017 is going to be a volatile year for the Indian IT industry,” says Sanchit Vir Gogia, Chief Analyst and CEO, Greyhound Research. “The pace of technological changes is very high and it will lead to substantial job cuts. The companies will try to be a lot leaner,” predicts Gogia.

Indian IT services companies have been facing competition from upstart players with highly specialised skill sets based in advanced markets, especially in areas such as cloud services and analytics. The cash-rich Indian IT companies are responding to this by acquiring companies overseas and thereby enhancing capabilities. Wipro spending nearly $1 billion in acquisitions last year is a case in point. In 2017, we are likely to see big boys of the Indian IT industry loosening their purse strings to make large acquisitions. “They will look at companies with sizeable revenues,” says Gogia.

[Source]

The New Era Of Startups

The startup ecosystem has become a hot topic for all and sundry. They have taken off and matured because of various factors such as availability of funding, consolidation activities by a number of firms, evolving technology space and a burgeoning demand within the domestic market has led to the emergence of startups.

Tata Elxsi Plans To Drive Growth Through Acquisitions

Engineering and industrial design services provider Tata Elxsi, a Tata Group company, plans to buy smaller companies in areas such automotive, media and healthcare, helping it grow business faster. The over Rs1,000 crore company has built capabilities to provide niche automotive design services for driver-less cars and telematics for connected cars.

收購Jet.com之後,沃爾瑪想在印度電商市場放手一博

近日,全球最大零售巨頭沃爾瑪以30億美元現金和3億美元沃爾瑪股票的價格收購了美國電商公司Jet.com。該筆交易將推動沃爾瑪電商業務的發展,使其在電商領域更具競爭力。此次沃爾瑪收購Jet.com將幫助該公司更接近電商業務的終極目標:擊敗亞馬遜。雙方在電商領域的較量會影響到印度嗎?

Should Flipkart & Amazon Watch Out For Ecommerce Competition From Walmart?

With the acquisition of Jet.com, the year-old US based ecommerce startup, Walmart Stores Inc. made its way into ecommerce. Its entry into the lucrative online retail market came at an expense of $3 billion (to acquire Jet.com).

Going, Going…Jabong The Rise, Fall, And Sale Of Jabong Is The Future For Many Other Indian Startups

There was a time when Jabong was such a sought-after startup that some were even willing to pay $1.2 billion for it. On July 26, e-commerce major Flipkart acquired Jabong for $70 million—lesser than any of the bids reportedly made for it in the last two years.

How Jabong Dropped The Ball In Its Battle With Myntra

On July 26th, Gaurav Alagh, a former journalist turned entrepreneur, was having a bit of a bad day and he was getting rilled up on Twitter. His navy blue polo T-shirt hadn’t come in, which he had ordered from fashion e-commerce start-up Jabong on July 17th. This happened to be the very same day Flipkart’s subsidiary Myntra had announced that it had acquired the start up, it once trailed for an undisclosed amount.

“Snapdeal is well-positioned to turn profitable in the next 2-3 years”- Kunal Bahl, CEO

Snapdeal recently expanded their e-commerce marketplace to include more service offerings through a ‘one-of-a-kind partnership’ with Zomato, Cleartrip, UrbanClap, and redBus. Now in a recent interview with Livemint, Kunal Bahl, CEO, Snapdeal, said that the company is now focusing on net revenue instead of gross merchandise value (GMV) and the new focus is part of another big change at the e-commerce marketplace.

Snapdeal May Die A Slow And Painful Death

On June 8, American e-commerce major Amazon announced an additional $3-billion investment in India, making clear its intention to win in the country. This throws up a massive challenge for all homegrown e-commerce companies, among which Snapdeal could be hurt the most.

With One Login, Snapdeal Wants To Do A Facebook

Snapdeal is seeking to emulate social media giant Facebook in the commercial media space as it looks to expand its footprint. Kunal Bahl, CEO & co-founder, Snapdeal, is creating a clan of apps, just the way Facebook did with FB, Whatsapp, Instagram and Messenger. “Facebook had become a monolithic platform; now, they have a bunch of popular apps,” said Bahl.

Analysts sceptical about Infy meeting targets

While the vision laid out by CEO Vishal Sikka for Infosys has been applauded, analysts are not convinced whether the company can achieve the set targets as it’s still in a transition phase given the changing dynamics in outsourcing.

With $120 Mn Kallidus Inc Buy, Infosys Invokes The ‘Cloud Messenger’

Infosys on Friday announced the acquisition of Kallidus Inc, a US-based e-commerce tech solutions firm, in an all-cash, $120-million deal. The IT major also announced a minority stake buy in another US startup, Airviz, for $2 million. This is the second acquisition by Infosys in the last eight months since Vishal Sikka took over as CEO. The $200-million Panaya acquisition was the last.

Analyst Perspective On Capgemini Acquisition Of IGATE Corp: Sanchit Vir Gogia

Perspective On Capgemini Acquisition Of IGATE_Corp by @s_v_g    Twitter_logo_blue

Following IGATE’s acquisition of Capgemini, Greyhound Research’s Sanchit Vir Gogia, said that while the deal is good, it is on the expensive side.

Capgemini To Become No. 3 MNC IT Employer In India

The Capgemini-IGATE merger will make the French company a leading employer of Indian engineers, thereby enabling it to better compete with domestic vendors for price-sensitive IT engagements, industry insiders feel.

Capgemini – IGATE Corp Deal: More MAs In India, Scramble For Clients In The Offing

Capgemini’s $4 billion offer to acquire iGATE–the largest buyout of an India-related IT services firm–could well be a harbinger of a clutch of merger and acquisition (M&A) deals involving mid-size firms, say industry watchers.

With $120 Mn Kallidus Inc Buy, Infosys Invokes The ‘Cloud Messenger’

Infosys on Friday announced the acquisition of Kallidus Inc, a US-based e-commerce tech solutions firm, in an all-cash, $120-million deal. The IT major also announced a minority stake buy in another US startup, Airviz, for $2 million. This is the second acquisition by Infosys in the last eight months since Vishal Sikka took over as CEO. The $200-million Panaya acquisition was the last.

Will The New COO Rewrite Wipro’s Growth Strategy?

Abid Neemuchwala’s appointment comes at crucial time, with top executives set to retire.

Topsgrup To Raise $100 Million From International PE Firms

Security firm Topsgrup, run by Tops Security Ltd, is planning to raise $100 million from international private equity (PE) firms to fund acquisitions and provide existing investors a profitable exit.

Ola’s Buy Signals Early Shakeout In The Taxi Segment

The country’s organised taxi industry has shown first signs of consolidation at a time when a majority of companies in the segment are losing money.

Ola’s Buy Signals Early Shakeout In The Taxi Segment

The country’s organised taxi industry has shown first signs of consolidation at a time when a majority of companies in the segment are losing money.

Twitter’s acquisition of ZipDial: Good times are ahead for Indian startups

How cool is it to take the indigenous idea of a small, humble, cost effective and convenient missed call, turn it into a business and make a hefty profit out of it. And then get snapped up by one of the biggest social networking sites around.

This is exactly what ZipDial achieved. Coming into prominence with its implementation of missed calls for user verification, alerts and other uses, Bangalore-based mobile and analytics company ZipDial has engaged nearly 60 million users with hundreds of marketer clients. Enough for Twitter to sit up and take notice and seal a deal pegged at $30 to $40 million.

Desi startups : dont Look now, but global biggies are checking you out

How cool is it to take the indigenous idea of a small, humble, cost effective and convenient missed call, turn it into a business and make a hefty profit out of it. And all this while being snapped up by one of the biggest social networking sites. This is exactly what ZipDial achieved today.

Desi startups: Don’t look now, but global biggies are checking you out : Firstpost

How cool is it to take the indigenous idea of a small, humble, cost effective and convenient missed call, turn it into a business and make a hefty profit out of it. And all this while being snapped up by one of the biggest social networking sites. This is exactly what ZipDial achieved today.

Coming into prominence with its implementation of missed calls for user verification, alerts and other use cases, Bangalore-based mobile and analytics company ZipDial has engaged nearly 60 million users with hundreds of marketer clients. Enough for Twitter to sit up and take notice and seal the deal pegged at $30 to $40 million.

Desi startups: Don’t look now, but global biggies are checking you out

How cool is it to take the indigenous idea of a small, humble, cost effective and convenient missed call, turn it into a business and make a hefty profit out of it. And all this while being snapped up by one of the biggest social networking sites. This is exactly what ZipDial achieved today.

Coming into prominence with its implementation of missed calls for user verification, alerts and other use cases, Bangalore-based mobile and analytics company ZipDial has engaged nearly 60 million users with hundreds of marketer clients. Enough for Twitter to sit up and take notice and seal the deal pegged at $30 to $40 million.