Perfios, a Bengaluru-based software development company, has added the AI-driven debt management and collections platform CreditNirvana to its extensive range of business-to-business (B2B) products for an unknown sum. The agreement was made one month after the fintech company, which specialises in fraud detection and software solutions for financial institutions’ underwriting, onboarding, decision-making, and risk management, purchased the fraud-detection platform Clari5 (CustomerXPs) to bolster its suite of crime management tools. Additionally, the most recent acquisition coincides with an increase in demand for comprehensive debt resolution services. By using AI to add a layer of intelligence to collections and reduce delinquencies, modern platforms like Credgenics, Spocto X (a Yubi Company), DPDzero, CredResolve, Rezolv, Creditas Solutions, and Skit AI, among others, are simplifying the process for banks, NBFCs, and fintechs.
Perfios Exploring the High Growth Market
The transaction puts Perfios in a position to access a high-growth market with a full-stack, technology-first approach to financial services, as lenders in India spend more than $7 billion a year on debt recovery and collections, the company said in a statement. According to Sabyasachi Goswami, CEO of Perfios, the company hopes to achieve new efficiencies by combining CreditNirvana’s AI-driven capabilities with Perfios’ current products. This addition strengthens Perfios’ position as a full-stack, tech-first financial technology supplier and reaffirms the company’s commitment to innovation and market leadership.
The company is certain that this action will allow it to provide more value and propel the global financial ecosystem forward quickly and at scale. CreditNirvana, which was founded in 2019 and has its headquarters in Bangalore, provides an end-to-end debt management platform. It has over 42 million loan accounts and manages a collection portfolio of over $9 billion. The company, which is sponsored by G A Partners and Cornerstone Venture Partners, was recently valued at $8.36 million and has received $2.2 million thus far. Perfios’ extensive knowledge of financial technology and unwavering dedication to innovation, according to Raj MKK, founder and CEO of CreditNirvana, gives the company a major edge in growing its clientele and developing its artificial intelligence skills. Through the collaboration, CreditNirvana can expand into new areas, provide more advanced AI-powered solutions, and establish new standards for data-driven debt recovery and management.
Perfios Expanding its Portfolio
In order to grow its offers across the board, Warburg and Kedaara-backed Perfios, which became a unicorn last year after collecting $80 million in a Series D1 round from Teachers’ Venture Growth (TVG), has been adopting the organic path. In September 2023, it acquired Chennai-based open finance platform Fego.ai to expand its global reach in addition to acquiring new fraud detection and debt collection capabilities. Through the agreement, Perfios gained access to Fego’s clientele of over 1,200 financial institutions in 18 countries, providing them with software solutions for risk management, underwriting, onboarding, and decision-making. With a 37.1% increase in revenue at INR 557.8 crore, the company’s FY24 net profit jumped 9.2X to INR 71.67 crore. Its revenue was made up of INR 52.21 crore from international activities and INR 505.6 crore from domestic operations.
On February 4, the packaged goods business Adani Wilmar Ltd. agreed to acquire G.D. Foods Manufacturing (India) Pvt. Ltd., a smaller competitor that produces Tops noodles and ketchup. According to a stock exchange filing by Adani Wilmar, the acquisition would be carried out in many phases, with 80% of the shares to be purchased in the first tranche at an enterprise value of INR 603 crore and the remaining 20% to be purchased over the following three years. The Adani Group had amassed a $1 billion war fund for acquisitions to expand the conglomerate’s food and packaged goods division, according to a September media report.
The Tops brand, owned by G.D. Foods, was established in 1984 and offers a variety of products, including tomato sauce, snack sauce, speciality and culinary sauces, pickles, jams, noodles, instant mixes, corn and chocolate flakes, and cooking supplies like vinegar, baking powder, cake mix, and corn flour. With more than 150,000 retail locations and its headquarters in Delhi, the corporation primarily sells in seven North Indian states.
Specifics of the Acquisition Deal
G.D. Foods made INR 386 crore in revenue and INR 32 crore in EBITDA in 2023–2024. Earnings before interest, taxes, depreciation, and amortisation is known as EBITDA. The first tranche is anticipated to close in 60 days, and the acquisition is contingent upon fulfilling standard closing conditions. Either internal accruals or the revenues from a public listing will finance the deal. The agreement represents Adani Wilmar’s approach to meeting the changing demands of Indian homes. As the industry develops, reputable national food FMCG brands are clearly needed to provide high-quality, reasonably priced products that meet the basic requirements of Indian kitchens, according to Angshu Mallick, managing director and chief executive of Adani Wilmar. Adani Wilmar’s best-in-class manufacturing operations and wide distribution network are essential for achieving this.
About Adani Wilmar
The Adani Group of India and the Wilmar Group of Singapore have partnered to form Adani Wilmar. Edible oil, wheat flour, rice, legumes, besan, and sugar are among the kitchen necessities that the company sells. It markets its goods under the Fortune and Kohinoor labels. Mallick went on to say that the business will make additional investments in the brand and greatly expand the reach of all of its products’ distribution. The margin-accretive goods will be a major addition to Adani Wilmar’s portfolio as a result of this acquisition. The company’s 2023–24 sales were INR 51,262 crore; during the same period, its profit decreased from INR 582 crore to INR 148 crore. In the market for packaged goods, Adani Wilmar has competition from businesses like Marico Ltd., ITC Ltd., and Tata Consumer Products Ltd.
Digiledge, a Bengaluru-based fintech SaaS platform, was purchased by Mintoak to expand its digital payments platform to include bill payment and Central Bank Digital Currency (CBDC) solutions. The financial business will function as a Mintoak subsidiary after the acquisition, which was completed in an all-cash transaction. The deal’s magnitude was not revealed, though. According to a statement from Mintoak, the acquisition will enhance its merchant payment services by including CBDC and bill payments. Banks can future-proof their payment ecosystems and give SMEs an omnichannel payment experience by integrating CBDC acceptance into merchant platforms.
How Mintoak Operates?
Established in 2017 by Raman Khanduja, Rama Tadepalli, and Sanjay Nazareth, Mintoak collaborates with banks to digitise merchants and small companies by enabling them to take all payment methods via their mobile devices, including UPI, QR codes, and cards. Additionally, it offers merchants commerce enablement solutions. The Mumbai-based business collaborates with banks in six South Asian, African, and Middle Eastern nations. Among its partners are HDFC Bank, SBI, Yes Bank, and Axis Bank. It claims to have $50 billion in gross merchandise value (GMV) annually, 3 billion transactions annually, and over 3 million merchants.
Collaboration Aims to Foster New Opportunities
Govind, the CEO and cofounder of Digiledge, commented on the purchase, saying that Digiledge would be able to operate at scale and enter foreign markets thanks to the partnership with Mintoak. Through this collaboration, Digiledge is able to provide greater value and assist the global SME ecosystem.
Some of the top banks in southern India, including Federal Bank, Karnataka Bank, Canara Bank, Indian Bank, and CSB Bank, are partners of Digiledge. Since Mintoak can now offer its solutions to much larger institutions, Digiledge has a much greater canvas to work with, according to Khanduja, a co-founder of Mintoak. Mintoak wishes to provide Digiledge the freedom to operate the company as they have been doing and all the financial backing they need to compete on a bigger scale. According to him, Mintoak now wants to increase its market share in the Middle East, Africa, and Southeast Asia.
In 2017, Mahesh Govind and Chandni Mahesh created Digiledge as well. It claims that its bill payments and CBDC stack improve payment infrastructure and digitise financial workflows, and it provides blockchain solutions for financial services.
Mintoak Financial Outlook
According to Khanduja, the startup’s financial performance in the fiscal year 2023–2024 (FY24) was INR 83 Cr, and it is expected to achieve a 35–40% YoY increase in sales in FY25. The purchase was made a few months after Mintoak closed a secondary deal at INR 71 Cr, or about $8.2 million. The Mumbai-based startup’s original backers, HDFC Bank and Pravega Ventures, sold shares to early-growth technology investor Z3Partners during the round. Together with its current backers, PayPal Ventures led Mintoak’s $20 million Series A fundraising round in 2023.
Zomato is one of India’s leading food delivery companies, making it easy to get your favourite meals to your doorstep. But Zomato is more than just a food delivery app, it has grown into a powerhouse by acquiring several businesses.
The Deepinder Goyal-led company now offers services like quick grocery delivery through Blinkit and entertainment ticketing after acquiring Paytm’s entertainment ticketing business. These moves have helped Zomato stay ahead in the competitive market.
In this article, we’ll explore all the companies owned by Zomato and its key acquisitions. So, without any further ado, let’s get right into exploring companies under Zomato and see how they contribute to the company’s success.
The key to making acquisitions is being ready because you really never know when the right big one is going to come along. – James McNerneyGoyal
About Zomato
Zomato, founded in 2008 by Deepinder Goyal and Pankaj Chaddah, is a leading Indian food delivery and restaurant discovery platform headquartered in Gurugram, Haryana. Initially known as Foodiebay, Zomato has expanded its services to include food delivery, table reservations, and more.
In February 2025, Zomato rebranded as “Eternal” to reflect its broader business scope, which now includes:
Zomato: Food delivery services.
Blinkit: Quick-commerce unit.
District: Live events business.
Hyperpure: Kitchen supplies unit.
This rebranding aligns with Zomato’s strategic focus on quick-commerce growth, particularly through its Blinkit acquisition.
Zomato’s mission is to “ensure nobody has a bad meal,” reflecting its commitment to enhancing dining experiences through technology and innovation.
Paytm Insider is one of India’s largest platforms to discover and find tickets to exciting live events and experiences in the country. Starting out in 2014 with tickets to Bacardi NH7 Weekender and Russell Peter’s early India tours, it has emerged as a leading entertainment ticketing platform. Zomato acquired Paytm’s entertainment ticketing business, Paytm Insider in August 2024 for INR 2,048 crore.
Blinkit
When we talk about the companies under Zomato, the first name that comes to mind is Blinkit. Blinkit, formerly Grofers, is an Indian quick-commerce platform that delivers groceries and essentials to customers’ doorsteps. Founded in December 2013 by Albinder Dhindsa and Saurabh Kumarand based in Gurugram, it promises delivery within 10 minutes. In June 2022, Zomato acquired Blinkit for approximately $568 million (INR 4,447 crore).
Hyperpure is Zomato’s B2B food supply platform, acquired in August 2018 through the takeover of Bengaluru-based startup WOTU. It provides restaurants with fresh, high-quality ingredients like fruits, vegetables, dairy, poultry, and grains. Hyperpure helps eateries maintain food safety and consistency by sourcing directly from farmers and producers. It has expanded across multiple cities, becoming one of the most important parts of Zomato’s supply chain ecosystem.
Feeding India
Feeding India is a non-profit organisation that fights hunger and food waste in India. Zomato acquired it in July 2019 to support its mission. Feeding India collects extra food from restaurants, events, and homes, then gives it to people in need. After the acquisition, Zomato helped expand its efforts, making food more accessible to underprivileged communities.
Fitso
In January 2021, Zomato acquired Fitso, a sports facilities provider, for approximately INR 80-100 crore. Fitso offers access to various sports activities like swimming, basketball, and tennis through a subscription model. Later, in November 2021, Zomato sold Fitso to Cult.fit for about $50 million.
Menu Mania was a restaurant discovery service, through which one could discover local places where they could eat. It was founded in the year 2006, and its headquarters were situated in Auckland, New Zealand.
In July 2014, Zomato acquired Menu Mania for an undisclosed amount. This acquisition marked Zomato’s first entry into the New Zealand market and its first acquisition in the Internet Software and Services sector.
Following the acquisition, Menu Mania’s website was integrated into Zomato’s platform as Zomato.co.nz. However, later on, Zomato stopped operations in New Zealand but continues to offer dine-in restaurant exploration and food delivery services in India and the UAE.
Urbanspoon
Urbanspo – Zomato Acquired Companies
Urbanspoon was a restaurant discovery service. Through its help, one could discover restaurants where users could give reviews and also recommend them to other people. It was founded in the year 2006 by Adam Doppelt, Ethan Lowry, and Patrick O’Donnell. The headquarters were situated in Seattle, United States of America.
At first, the service was open in countries like Canada, the United Kingdom, Australia, New Zealand, Ireland, and of course the United States of America. Urbanspoon was acquired by Zomato on 12th January 2015 for $55 million. Through the acquisition, Zomato established itself in countries like Australia and Canada.
MapleGraph Solutions was founded in the year 2011 by Arun Tangri and Varun Tangri, it is a technology powerhouse whose headquarters is situated in New Delhi, India. The company is all about building cloud-based and mobile-based solutions for everyone.
Zomato acquired MapleGraph in April 2015, and the company developed MaplePOS, which was later renamed Zomato POS. After this acquisition, Zomato Base was made to enable restaurants to manage their menus and also has an inbuilt payment system. This helped Zomato in providing restaurants with business-focused solutions.
Runnr
Runnr – Zomato Acquired Companies
Runnr was a startup founded in the year 2015 by Aravind Reddy, Arpit Dave, Gnanesh Chillukuri, Mohit Kumar, Mukunda NS, and Vatsal Singhal. It was a B2B platform that provided hyperlocal management services to those who get together and partner with merchants. Zomato acquired Runnr in 2017 to boost their delivery ways and to provide a good food delivery experience to their customers, the amount of the deal was not disclosed.
Uber Eats India
Uber Eats – Zomato Acquired Companies
Uber Eats India was another popular food delivery service in India through which one could get their favourite food at their doorstep. It was the India-based app of the American company Uber, founded in 2014 by Garrett Camp and Travis Kalanick. Uber Eats India was sold by Uber, and Zomato acquired the food delivery in 2020 for $350 million.
Lunchtime
Lunchtime was an online restaurant guide platform through which one could find different restaurants, pubs, and cafes in the Czech Republic. This online platform was founded in 2008, and users could find over 3,000 restaurants in Bohemia and Moravia through this app. Zomato acquired Lunchtime in 2014, though the amount was not disclosed.
The primary reason for this acquisition was to increase Zomato’s presence in more countries, and they were successful in doing so. However, as of September 2023, Lunchtime.cz initiated the liquidation process and is no longer operational.
Obedovat
Obedovat – Zomato Acquired Companies
Obedovat was an online restaurant guide platform for Slovakia, through which users could find numerous eateries across the country. It was founded in 2004. Zomato acquired this platform in 2014 for $3.25 million, helping Zomato expand its services into Slovakia. However, Zomato’s subsidiary, Obedovat, initiated liquidation and is no longer operational.
TongueStun
ToungeStun – Zomato Acquired Companies
TongueStun, an online marketplace was founded in the year 2012 by Manjunath Ramakrishnan, it deals with corporate catering. It specialised in corporate catering and served 1,500 companies with its catering services. Zomato acquired this company in the year 2018. The main reason for the acquisition was to make their presence in the workspace. Zomato acquired the startup for $18 million.
Sparse Labs was a logistic tech startup that was founded in the year 2014 by Pankaj Batra. Spars Labs ensured hyperlocal delivery companies have a smooth journey while delivering to their customers. Zomato acquired it in 2016, but the amount was not disclosed.
The acquisition helped Zomato improve its delivery services. Later on, Sparse Labs’ operations were integrated and it no longer functions as a standalone entity under Zomato.
Cibando
Cibando – Zomato Acquisitions
Cibando was an app that focused on serving iPhone users by allowing them to find restaurants and eatery places in different cities across Italy. It was founded in the year 2010 by Guk Kim. Zomato acquired Cibandoo in 2014 for an undisclosed amount.
The acquisition helped Zomato establish its presence in Italy. However, Cibando’s operations have since been integrated into Zomato’s platform and are no longer active as a separate app.
Gastronauci
Gastronauci – Zomato Acquisitions
Gastronauci was a Poland-based company that provided restaurant finder service. It was founded in the year 2007. Zomato acquired Gastronauci in 2014 and the main reason was to expand their global presence. After the acquisition, Gastronauci’s services were integrated into Zomato’s platform and are no longer available as a separate service.
NexTable
NexTable – Zomato Acquisitions
Founded in the year 2012, NexTable was a cloud-based table management restaurant reservation system. The main function of NexTable was to help customers reserve tables online in restaurants. Zomato acquired the company in the year 2015 and changed its name to Zomato Book. The amount was not disclosed. As of now, the Zomato Book service has been integrated into the company’s broader offerings.
Mekanist
Mekanist – Zomato Acquisitions
Another restaurant finder service Mekanist was a Turkish online platform through which one could find restaurants, cafes, pubs, and all. It was founded in the year 2008 by Ali Servet Eyuboglu, Alper Tekin, and Eren Baydemir. In 2015, Zomato bought Mekanist for an undisclosed amount. Again it was to increase their global presence. The services previously offered by Mekanist have been fully integrated into Zomato’s platform. Mekanist is no longer operating as a separate entity.
Zomato has become a huge name in the food delivery business industry, there is hardly anyone who is not aware of the app. Zomato is continuously trying to acquire more and more companies, some of them that are directly helping them better their services so that they can be undefeatable in this industry.
FAQs
What are the subsidiaries of Zomato?
Zomato’s key subsidiaries include Blinkit, Hyperpure, District, and Zomato itself, all of which operate under its parent company, Eternal Limited.
Who is the founder of Zomato?
Zomato was founded by Deepinder Goyal and Pankaj Chaddah in 2008.
Who is the CEO of Zomato?
Deepinder Goyal is currently serving as the CEO of Zomato.
Is Zomato making a profit?
Yes, Zomato is profitable, posting a profit of INR 351 crore in FY24, compared to a loss of INR 917 crore in FY23.
What is the parent company of Zomato?
The parent company of Zomato is Eternal Limited, which was previously known as Zomato Limited. The company rebranded in January 2025 to reflect its broader scope and growth.
What are the Zomato-owned companies?
Zomato owns several companies, including Blinkit, Hyperpure, Paytm Insider, Feeding India, and more. These acquisitions help Zomato expand its presence across different sectors, such as quick commerce, entertainment ticketing business, and more.
The Home Depot was founded on 6th February 1978 by co-founders Bernard Marcus, Arthur Blank, Ron Brill, Pat Farrah, and Ken Langone. In the 46 years since its inception, the company has grown to operate big box-format stores across the United States of America including the District of Columbia, Guam, Puerto Rico, and the US Virgin Islands, 10 provinces of Canada, 32 states of Mexico and the City of Mexico. Home Depot also owns the MRO company Interline Brands, which boasts 70 distribution centers across the US. By the year 2023, Home Depot boasted 471,600 employees and a revenue of more than USD 157.40 billion.
The Home Depot Highlights
Company Name
The Home Depot
Headquarters
Atlanta, Georgia, United States
Sector
Home Improvement Retailer, Consumer Discretionary
Founders
Bernard Marcus, Arthur Blank, Ron Brill, Pat Farrah, and Ken Langone
The Home Depot was built with the idea of home-improvement superstores that were larger than any of their competitors. The first two stores of The Home Depot opened on 22nd June 1979 in metro Atlanta, followed by stores opening in Hollywood and Fort Lauderdale in 1981. Three months later, by September of the same year, it got listed on NASDAQ and was able to raise USD 4.093 million.
By the year 1984, The Home Depot had grown and was operating in 19 cities, clocking sales of more than USD 256 million, and had joined the New York Stock Exchange as well. In the same year, it acquired Bowater Home Centre for a total of USD 40 million. However, this quick rate of expansion and growth landed the company into troubled waters financially as it struggled with its earnings, which dropped by 42%, and debt rose to USD 200 million, causing a reduction in its stock price as well.
The Home Depot management took swift action and reduced their store expansion to only 10 outlets in 1986 and offered 2.99 million shares at USD 17, which helped the company restructure its debts. By 1989, The Home Depot surpassed Lowe’s to become the largest home improvement store in the United States of America. A few years later, in 1994, The Home Depot acquired the Canadian hardware chain Aikenhead’s Hardware for a total of USD 150 million. With this, all the Aikenhead’s Hardware stores were re-branded as The Home Depot. The Home Depot was operating 350 stores and clocking sales worth USD 10 billion by 1995.
In 1997, The Home Depot acquired Maintenance Warehouse, a maintenance and repair supplies company, for USD 245 million. This acquisition was a strategic move by The Home Depot as the Maintenance Warehouse was a leading direct-mail marketer of maintenance, repair, and operation supplies. It increased market penetration for The Home Depot.
In 1999, the Atlanta-based company Apex Supply, a wholesale distributor of plumbing, HVAC, industrial pipes, and fittings, was acquired by The Home Depot and re-branded in 2004 as “The Home Depot Supply”.
A large plumbing distributor focusing on special order fulfilment called Your Other Warehouse was the next to be acquired by The Home Depot in 2001. A year later, in 2002, The Home Depot entered the Mexican market with the acquisition of the home improvement chain Del Norte. It also began constructing stores in Mexicali and Tijuana. In a bid to integrate professional landscapers and start a plant nursery retail chain, it launched The Home Depot Landscape Supply. Unfortunately, The Home Depot Landscape Supply stores were closed in 2007, a mere five years after their launch.
The company, however, was an unstoppable force as The Home Depot Direct launched its online home-furnishings store in 2005, following it up with its online lighting store ‘Paces Trading Company’. Strengthening its brand further, it acquired the Home Decorators Collection in 2006 and placed it as an additional brand under its Home Depot Direct Division.
In the same year, The Home Depot also acquired Hughes Supply for USD 3.2 billion. Hughes Supply was the largest home retailer in the United States, and the acquisition was integral in serving B2B customers.
In 2015, it acquired Interline Brands and its management for a total of USD 1.6 billion. A year later, in 2017, it acquired the online presence of ‘The Company Store’.
Internationally, The Home Depot has expanded its footprint to Canada with 22 stores and Mexico with 126 stores. Its brief foray into South America in 1993 only lasted for one year when its only store in Peru shut down due to low sales and weak promotion. Its entry into China in 2006 through the acquisition of the Chinese home improvement retailer The Home Way was also not highly successful, and by September 2012, it shut all of its stores within the country.
Some of the Notable Acquisitions of the Home Depot Since Its Inception
The Home Depot’s success can be attributed to strategic acquisitions and a concentrated effort to grow into one category. As the e-commerce business has grown, The Home Depot has strategized and acquired companies that have helped them to grow in this segment as well.
Of all of the major retail sectors, the home improvement sector is one of the most difficult to shop. Hence, shopping in stores makes this experience easy for consumers as they have easy access to expert advice. They can also physically examine the products, which is an advantage not available in online shopping. Additionally, the delay in delivery in online shopping also makes it disadvantageous as home improvement products are mostly an immediate need.
This is where The Home Depot has succeeded and is an exception to what is a general rule. Its e-commerce business accounts for almost 6.4% of the company’s total revenue. There are a couple of reasons that have contributed to The Home Depot’s success.
Omnichannel Strategy Leveraging Online and Offline Stores
An effective omnichannel strategy leverages both online and offline stores for maximum impact. The company has used its 1980 shops across the US as both warehouses for online stock and points of collection for online orders. This has resulted in considerable systems overhaul but the strategy has worked to the company’s advantage. Almost 43% of all online orders are collected in-store and 90% are returned in-store. These stores also play a significant role in driving online sales for the company.
Ease of Online Shopping
A comprehensive level of detail is available for every product sold online at The Home Depot. This information is in-depth covering a basic bullet-point product description to a comprehensive review and a detailed specification table. There are video tutorials available on DIY projects as well as ideas on home decoration and design. The website is an immersive experience supporting all stages of purchase, from ideating to the final checkout.
Excellent Customer Service
Home Depot’s dedication to offering quality products at competitive prices has resulted in increased customer satisfaction, loyalty, and profitability. Home Depot has a vast selection of products, including tools, appliances, hardware, and building materials, which are all backed by expert advice and support from their knowledgeable staff. Whether you are a professional contractor or a DIY enthusiast, Home Depot has everything you need to complete your home improvement projects successfully. With a focus on customer satisfaction, Home Depot continues to be a trusted source for all your home improvement needs.
The Home Depot – Challenges
Annual Revenue of The Home Depot
Home Depot faces challenges, including a 3.3% drop in sales, higher operating expenses (up to 18.3% of sales), and lower net profit margins (9.7% vs. 10.5% 2023). Fewer customers are taking on big projects due to high interest rates and economic uncertainty. Despite being priced below its fair value, its high P/E ratio (26.4x vs. 15.7x industry average) makes it less attractive to value investors.
Conclusion
The Home Depot has a deep understanding of the customer psyche and has shown expertise in the category it specializes in that is difficult to replicate by any general retailer. It has succeeded in integrating systems to create a seamless shopping experience for its customers both online and offline. It is no wonder that it has created a niche for itself and carved out a place on the global stage.
How Home Depot Became the World’s Largest Home-Improvement Retailer
FAQs
What types of products does The Home Depot sell?
The Home Depot sells a variety of products related to home improvement, including building materials, tools, hardware, plumbing and electrical supplies, appliances, flooring, paint, and outdoor equipment.
Does The Home Depot offer any rewards or loyalty programs for frequent shoppers?
Yes, The Home Depot offers a loyalty program called “Home Depot Pro Xtra” for its frequent shoppers.
Does The Home Depot offer installation services for products like appliances or flooring?
Yes, The Home Depot offers installation services for many of the products they sell, including appliances and flooring.
What type of people shop at Home Depot?
The store serves two core groups of customers: DIY and pro segments. DIY shoppers turn to the store for supplies to complete their projects, while pros are typically contractors and tradesmen, like electricians, plumbers, and painters.
Why is Home Depot successful?
Home Depot is successful due to its wide product range, strong customer service, efficient supply chain, and focus on DIY and professional customers.
How did Home Depot start?
Home Depot started in 1978, founded by Bernie Marcus and Arthur Blank, with a vision to offer a one-stop shop for home improvement products at affordable prices.
Who are the competitors of The Home Depot?
The main competitors of The Home Depot include Menart, Walmart, Ace Hardware, Lowe’s, and Target.
What time does Home Depot close?
You can check the Home Depot website or call your local store to confirm the exact closing time.
The Competition Commission of India (CCI) confirmed on October 1 that Mankind Pharma may purchase Bharat Serums and Vaccines for INR 13,630 crore.
In a post on X, the regulatory body stated, “Commission approves acquisition of Bharat Serums and Vaccines Limited by Mankind Pharma Ltd.” In July, Mankind Pharma declared that it would pay about INR 13,630 crore to private equity firm Advent International to fully purchase Bharat Serums and Vaccines.
Opting for a Definitive Agreement for the Acquisition
For an enterprise value of about INR 13,630 crore, Mankind Pharma has finalised an agreement to purchase a 100% share in Bharat Serums and Vaccines. Mankind Pharma announced on 30 September that it would issue non-convertible debentures and commercial papers to raise up to INR 10,000 crore. The regulator, which monitors unethical corporate practices and fosters fair competition in the market, must approve deals that exceed a specific level.
Mankind Pharma Vice Chairman and MD Rajeev Juneja stated in June of this year that the acquisition of BSV marks a significant turning point in Mankind’s history and positions the company as the industry leader in the Indian women’s health and fertility sector. One of the biggest pharmaceutical firms in India, Mankind Pharma, is involved in the development, production, and distribution of a wide variety of pharmaceutical finished dosage formulations.
About Mankind Pharma
In addition to producing and marketing a wide variety of pharmaceutical finished dosage formulations (FDFs) in both acute and chronic therapeutic areas, Mankind is a publicly traded company that also produces consumer healthcare products like condoms, emergency contraceptives, pregnancy tests, vitamins, minerals, and nutrients, antacids, and anti-acne preparations. Mankind is also involved in the production and distribution of active pharmaceutical ingredients (APIs), pharmaceutical intermediaries, and pharmaceutical product packaging through its subsidiaries.
About Mankind BSV
BSV and its subsidiaries work in the following areas: (a) ayurvedic medicines; (b) biotech and biological formulations and/or API; (c) food and health supplements; (d) medical devices; and (e) research, development, licensing, manufacturing, importing, exporting, marketing, and distribution of these products. In each case, these products are in the therapeutic areas such as gynaecology, in vitro fertilisation, critical care, and/or emergency medicines for human use. BSV’s operations in India, including those of its fully owned Indian subsidiary BSV Pharma Private Limited, which is currently undergoing a merger with BSV, are restricted to the development, production, and marketing of a variety of biological, biotech, and pharmaceutical products in the therapeutic domains of emergency medicine, critical care, women’s health, and IUI-IVF.
Leading edtech firm Adda247, supported by Google, has announced that it has acquired PrepInsta, a premier placement preparation site. Adda247 wants to increase its presence in employment education programs in the public and private sectors, and this acquisition will help it achieve that goal. The deal’s financial details are still unknown.
After acquiring StudyIQ, a platform for UPSC preparation, in 2021; Veeksha, a platform for virtual and augmented reality learning modules, in 2023; and Ekagrata Eduserv, a company that prepares for the CA exam, earlier this year, Adda247 has now made its fourth significant acquisition.
Shifting Emphasis to the Private Sector for Employment and Training
Before announcing its recent foray into the skilling and higher education sectors, the company’s primary concentration was on government positions.
According to Bimaljeet Singh Bhasin, CEO of Adda247′s skilling and higher education business, the organisation’s mission is to become an integrated player in both the public and private sectors of job preparation, helping individuals gain the essential skills while working with enterprises to cultivate talent.
The corporation has highlighted the banking, financial services, insurance, and technology industries as priority areas for its skill development programmes, Bhasin stressed. Since the technology industry employs a huge number of people, concentrating on it will be essential to the company’s development as a significant player in job-related programmes. A crucial component of this larger endeavour is the acquisition of PrepInsta, he continued.
The Development and Products Offered by Adda247
Anil Nagar and Saurabh Bansal founded Adda247 in 2016, and since then, the company has gained a solid reputation for providing courses that prepare students for jobs in government agencies, state-run banks, and the railway sector. Live online classes, on-demand video courses, e-books, mock exams, and books tailored to particular exams are just a few of the learning methods offered by the platform. Courses are available in 12 regional languages, which enables Adda247 to encompass a broad audience.
With 2 million students registered in its premium courses, the site today serves over 40 million monthly users. The company’s sales increased by 88% to INR 243.39 crore in the fiscal year 2023–24, while its net loss decreased by 66% to INR 101 crore.
Looking Ahead: Strategies and Funding
In a 2022 investment round headed by WestBridge Capital and involving Google, Info Edge Ventures, Asha Impact, and other investors, Adda247 raised $35 million. To date, the company has raised a total of $63 million, which has fuelled its development into new markets and continued growth.
Adda247, which provides a wide range of job-related education and skill-building programmes, is able to further solidify its position as a top edtech platform with this acquisition. PrepInsta’s integration will help Adda247 in its endeavours to close the skill gap between government job preparation and private sector training, setting up the business to eventually service an even larger clientele.
Return Prime is a worldwide returns management tool in the Shopify ecosystem. GoKwik, an eCommerce enabler, recently announced that it has purchased Return Prime for an undisclosed fee.
With this acquisition, GoKwik has solidified its position as the world’s premier eCommerce enabler and expanded into the UK, Europe, and the US markets.
It also paves the way for more brands around the world to take advantage of GoKwik’s suite of solutions and accelerate their growth.
In What Ways Does Return Prime Function?
Return Prime is a Bengaluru-based firm that was founded in 2021 by Shashwat Swaroop. It provides a platform that helps brands handle consumer returns and convert them into income opportunities. To facilitate the efficient handling of returns, the platform automates operations such as return logistics, refunds, and replacements.
Combining the Features of Return Prime
In more than 170 countries, including important markets like the US, UK, and Australia, Shopify has processed over $1 trillion in lifetime transactions and serves millions of merchants. It is one of the largest eCommerce platforms globally.
Expanding its product offerings and strengthening its position in the global eCommerce industry, GoKwik will merge Return Prime’s capabilities with its latest purchase. This will allow it to offer online firms a more comprehensive suite of services.
At Return Prime, the firm has made it easier and more efficient for Shopify eCommerce firms to monetize returns by streamlining the returns process. The co-founder of Return Prime, Shashwat Swaroop, expressed excitement at the possibility of enhancing their product with GoKwik’s capabilities. They plan to add deeper levels of innovation and assist brands in increasing their revenue even more.
The Commercial Presence of Return Prime
Currently, Return Prime is said to be home to more than 6000 Shopify brands that are located in more than fifty countries.
During the next six to twelve months, GoKwik plans to enroll more than ten thousand additional merchants by utilizing the technology provided by Return Prime and the relationships it already has in place to enter new markets.
The strategic push is anticipated to make a major contribution to the expansion of revenue. GoKwik anticipates that its overall business will rise by a factor of three by the end of this year and by a factor of ten over the following three years.
Building in India for the rest of the world is inherent in the company’s very being. The direct-to-consumer (D2C) market is thriving, payment systems are of the highest quality, digital infrastructure is advancing, and more people are shopping online than ever before, which has given the firm a significant edge.
According to Chirag Taneja, Co-Founder and CEO of GoKwik, “The learning curve that we have experienced has prepared us to not only assist brands in India but also scale that knowledge for the purpose of creating solutions on a global scale. This is because we operate in such a diverse market, where every day there is a new perspective on how shoppers function and what they want.”
Nazara Technologies, a gaming and esports company based in Mumbai, recently made the announcement that it has successfully closed a cash transaction of INR 230 crore to acquire Fusebox Games, a company based in the United Kingdom.
Through this move, the Indian gaming corporation has made its second acquisition of a gaming studio located outside of India, and it is also the largest acquisition it has ever made.
An announcement that Absolute Sports, a subsidiary of Nazara Tech, had acquired all of the assets of DeltiasGaming.com had been made prior to this action.
Public Notification of Acquisition
Fusebox Games, a game firm based in London, was acquired by Nazara Technologies; the announcement was made earlier this month.
As stated by Nitish Mittersain, the founder and chief executive officer of Nazara Technologies, “We see an enormous potential in building an IP-based global gaming business that benefits from our core base in India. This core base allows us to support global studios by implementing enhanced user acquisition strategies, data analytics, live operations, and new initiatives such as implementing our in-house AI playbook.”
“Several of our existing intellectual properties are excellent illustrations of this strategy, and we are delighted to be able to collaborate with the skilled team at Fusebox as we continue to develop Nazara into a worldwide gaming company that operates on a scale that is relevant,” Mittersain noted further.
Fusebox Games
The mobile free-to-play studio known as Fusebox focusses on developing interactive story games as its primary focus. A well-known interactive story game called “Love Island” is published by the studio, and it is also working on developing new games based on well-known television intellectual properties from around the world.
It operates interactive story games that are powered by intellectual property and are predominantly monetised through in-app purchases, which represented for around 92% of the total sales in the fiscal year that ended in July of 24.
Financial Dynamics of Fusebox
The United States of America, the United Kingdom, Australia, Canada, Switzerland, Sweden, Denmark, Norway, and New Zealand are among the developed areas that Fusebox principally aims to penetrate.
Thirty people are employed by the company, the majority of them are located in the United Kingdom.A total of INR 87.5 crore ($10.4 million) in sales was recorded by the Fusebox during the fiscal year 23 (CY23), while the company’s EBITDA was INR 11.7 crore ($1.4 million).
Year-to-date (YTD) revenues for the company were INR 116.6 crore ($13.9 million) for the fiscal year 24 (CY24), while the company’s earnings before interest, taxes, and depreciation (EBITDA) was Rs 33.3 crore (EBITDA of $4.0 million).
A pioneering platform that specialises in Amazon Web Services (AWS) cost and use optimisation, WiseOps, was recently acquired by CloudKeeper, a firm that offers full cloud cost optimisation services from a recent acquisition.
In spite of the fact that the corporation did not disclose the financial parameters of the transaction, the acquisition was finalised using a combination of cash and equity.
An undisclosed sum was obtained by the company through a pre-seed funding round that was conducted by CORE91.VC in December of last year. It claims to have a customer base of fifty clients and has achieved revenue of more than one hundred thousand dollars up to this point.
So, What Exactly Is WiseOps?
WiseOps is well-known for its AI-driven recommendations and automated optimisations, which enable teams to dramatically cut their spending on cloud services without sacrificing performance or workflow efficiency.
Clients now have access to an end-to-end cloud optimisation solution that offers increased savings and workflow efficiency. This is made possible by the integration of WiseOps’ intelligent technologies into CloudKeeper’s robust ecosystem.
By focussing on engineering, WiseOps has differentiated itself in the field of Amazon Web Services (AWS) cost optimisation. The suite of intelligent tools that it provides offers implementations of cost-saving initiatives across all AWS services that can be carried out with a single click and can be integrated smoothly into the flow of work. The AI-driven recommendations and automated optimisations that WiseOps offers are what set it apart from other cloud management solutions. These features enable organisations to consistently cut their cloud spending without sacrificing performance or workflow efficiency.
The Future
The co-founder of WiseOps, Ronak Goyal, stated that this creates a tremendous opportunity for both WiseOps and CloudKeeper to engage in innovative activities and provide excellent value to their respective customers. “The integration of our technology and experience is something that we are looking forward to doing in order to provide even more powerful solutions for cloud cost optimisation.”
According to Praneet Chandra, who is also a co-founder of WiseOps, “Fifteen months ago, Ronak and I founded WiseOps in response to companies struggling with rising costs and cloud infrastructure challenges, which led to layoffs. With our very first client, we were able to cut their cloud bill by fifty percent. This launched our career.”
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According to Deepak Mittal, co-founder and CEO of CloudKeeper, WiseOps was the piece of the puzzle that was missing.
CloudKeeper has evolved into a cloud cost optimisation solution that is genuinely comprehensive as a result of its partnerships with these companies. Mittal went on to say that this will make it possible for us to serve a wider variety of customers, to handle more complicated use cases, and to assist businesses in optimising and engineering their cloud infrastructures in a more efficient manner.
