Tag: acquisitions

Success Story Of 10Club Startup: Helping Entrepreneurs & E-Commerce Business Grow

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by 10Club.

Each and every business is unique and respectable in its own way. Planning only for business growth is certainly a good idea but before that, it is essential for the founders/entrepreneurs to go to the depth of the matters to achieve something big and credible.

10Club believes in Data + Insights = Scale + Efficiency. This is the only formula the company follows. This organization believes to go down to the depth of the matters individually and build the foundation of successful businesses. The company ensures that great entrepreneurs will surely reach great heights one day because these people have already taken greater risks.

Read the 10Club success story below to understand the company better with useful insights from its Founders and Team, Tagline, Slogan, Logo, Business model, Revenue model, Funding and investors, Growth, Future plans, and more.

10Club – Company Highlights

Company Name	10Club
Headquarters	Bangalore, Karnataka, India
Sector	Consumer Goods and E-Commerce
Founders	Bhavna Suresh, Deepak Nair and Joel Ayala
Founded	2021
Website	10club.team

10Club – Latest News
10Club – About
10Club – Founders and Team
10Club – Tagline, Slogan and Logo
10Club – Business Model
10Club – Revenue Model
10Club – Funding and Investors
10Club – Growth
10Club – Acquisitions
10Club – Future Plans
10Club – FAQs

10Club – Latest News

21 September, 2021 – 10Club announces the acquisition of My Newborn, a brand selling baby products, which is the first acquisition of the brand.

10Club founders talking about the success story of 10Club

10Club – About

In today’s daily life great businesses are growing, holding the hands of competent entrepreneurs. Competition is always really very tough in the marketplace and as a result, these companies get their foundational years right but often face difficulties to understand their current position in the market. This is where companies like 10Club step into the scenario. The aim of 10Club is to allow these great entrepreneurs to enjoy rapid growth and participation hassle-free. 10Club is a trustworthy company on which entrepreneurs can be sure of.

10Club – Founders and Team

Bhavna Suresh is the co-founder and the CEO of the company. Deepak Nair and Joel Ayala are the other co-founders of the company, 10Club.

Bhavna Suresh

She is the co-founder and the CEO of the company 10Club. She is an entrepreneur, who started her career as a Business Development Manager at 22feet Tribal Worldwide. Bhavna is also known as the founder of another company, StyleBank, and the CEO of Lamudi Philippines.

Deepak Nair

He is the co-founder of the company 10Club. He works as a business strategist, digital marketer, and also as advertising strategist. He previously worked as the CEO of White Canvas Communications Pvt Ltd. Deepak was also the Chief Executive Officer at 22feet Tribal Worldwide.

Joel Ayala

Joel Ayala is another Co-founder of 10Club and also known as the Co-founder and Managing Partner at Class 5 Global LLC, a venture firm that aims to invest in the next generation of global entrepreneurs.

10Club – Tagline, Slogan and Logo

The tagline of the company is, ‘Sach Ke Sath‘.

10Club Logo

10Club – Business Model

The business model of this company is very unique. The company believes in working together, going into depth, operating and growing e-commerce startup businesses. 10Club has a tried and tested model. It works quickly and provides its clients with the best possible and actionable insights which help the entrepreneurs to understand where exactly their new business is standing in the marketplace and how to take it forward towards growth and success.

10Club – Revenue Model

The revenue model of the company is very simple. By using simple words, we can say that the company 10Club is taking all the responsibilities of a new entrepreneur who has just started his/her new business.

Business Review – a valuation of the entire business based on the potentiality and performance is established after the connection.
Paper Agreement – verification of all of the financial statements is done simultaneously. Contracts and other agreements are prepared too.
Fund Transfer – paperwork will be signed by both parties. Data analysis will be done and initially, the process will be taking 6 to 8 weeks.
Business Integration – optimization is done.
Business Acceleration – data analysis and expert insights are provided or showcased to scale the newly growing business.

By following all the above-mentioned processes the company collects a good amount of revenue from each startup business it is connected to.

10Club – Funding and Investors

10Club has raised a total amount of $40 million in funding over the one funding round. 10Club is funded by six investors. Fireside Ventures is the lead investor, followed by Secocha Ventures, HeyDay, PDS International, Class 5 Global, and boAt founders.

Date	Transaction Name	Money Raised	Lead Investor
June 29, 2021	Seed Round	$40 million	Fireside Ventures, HeyDay, PDS International

10Club – Growth

As mentioned above, the company raised $40 million in the funding round and it is one of the largest seed rounds in the e-commerce roll up space. Since it is one of the largest ones that is why it is a big matter of talk now and more or less everybody knows about it.

10Club – Acquisitions

10Club has acquired 5 companies in total. The company last acquired 3 gardening startups – Kraftseeds, Gate Garden, and Kriti Kalash on November 19, 2021. This acquisition would further help the company to scale through product mixes, sales channel expansion, and pricing models. My Newborn was the maiden acquisition of 10Club on September 21, 2021, after which it acquired Skudgear on September 30, 2021.

Acquiree Name	Date	Price
Kriti Kalash	November 19, 2021	–
Gate Garden	November 19, 2021	–
Kraftseeds	November 19, 2021	–
Skudgear	September 30, 2021	–
My Newborn	September 21, 2021	–

10Club – Future Plans

The company 10Club wants to create a better space for startups. It wants to collaborate with promising businesses on e-commerce platforms and roll them up to help them grow. Startups often fail to manage everything after the initial months of growth that they gain in the beginning. Competition has undoubtedly increased in the marketplace over time but all of the existing companies want growth. This is why 10Club has set out in the market to aid such startup companies with more technology, supply chain, and marketing expertise in the future. More and more funding will help the company to expand its portfolio and bring changes for the upcoming startup businesses to acquire.

10Club – FAQs

What is 10Club startup?

10club is a Bangalore-based startup that acquires small e-commerce platforms and scales up those businesses.

Who is the founder of 10Club?

Bhavna Suresh, Deepak Nair, and Joel Ayala are the other co-founders of 10Club startup.

When was 10Club founded?

10Club startup was founded in 2021.

November 19, 2021

Top Startup Acquisition in India of 2021
2021 has been a rollercoaster for all of us, but it has been a watershed moment for the Indian startup ecosystem. Since January 2021, 119 merger and acquisition agreements have been completed, compared to 86 for the entire year of 2020. In 2020, this amounted to $1.3 billion in Mergers and Acquisitions; by 2021, the sum had risen to $3.8 billion. These are simply the agreements that have been made public; the bulk of them have not been made public, and their worth might be far more significant. And, given that we’re a month away from the end of the year, there’s undoubtedly more to come. Here are some of the top startup acquisitions to know about.

Top startup acquisitions in India in 2021

Top startup acquisitions in India in 2021
FAQs

Top Startup mergers and acquisitions

Top startup acquisitions in India in 2021

Here are listed some of the biggest startup acquisitions of 2021.

Acquisitions by Unacademy

Top Startup Acquisition – Unacademy Acquisition

Unacademy is an EdTech firm located in Bengaluru with a network of over 18,000 educators. It provides Live Classes, both free and subscription-based, for various professional and educational admission examinations. Unacademy has been on a buying frenzy recently.

Unacademy has acquired nine companies since 2020, here are some of the top ones:

Kreatryx

Kreatryx, a platform founded in 2014 that provides videos, test series, and a postal tracking tool for GATE, CIL, SSC and ESE examinations, was acquired through a cash and stock deal in March 2020. Kreatryx continues to be run by its founder, Ankit Goyal. Unacademy gained a competitive advantage in the GATE and ESE exam prep markets due to the acquisition.

CodeChef

CodeChef, a platform for computer programming, algorithms, and programming competitions, was founded in 2009, was acquired by Unacedemy in June 2020. The acquisition is expected to aid the Facebook-backed company’s development of a coding skills segment for students.

PrepLadder

Unacademy paid $50 million for the acquisition of PrepLadder, a platform founded in 2015 which prepares students for postgraduate medical entrance exams. Unacademy’s prominence in the medical entrance examination categories was bolstered as a result of this move.

Mastree

Mastree, founded in 2019, is a K12 learning platform, which mainly focuses on core curricular subjects. It was acquired by Unacedmy for $5 million in July 2020. This acquisition bolstered the company’s position in the K12 education market. After a year of ownership, unacedamy shut down Mastree in September 2021. It also launched ‘Graphy’ in the same line. Users may utilise photos, videos, quizzes, and audio to study books and unique material.

Coursavy

Unacademy acquired Coursavy in September 2020 to improve its position in the Union Public Service Commission (UPSC) examinations category. Coursavy, founded in 2018, is a platform that offers live lectures, online courses and provides students with handwritten study notes. and comprehensive quizzes.

Scapic acquired by Flipkart

Top Startup Acquisition

Flipkart bought Augmented Reality (AR) company Scapic in November 2020, intending to make shopping on its platform more engaging. Flipkart did not reveal the financial terms of the acquisition. As part of the transaction, it absorbed the Scapic team.

It’s a part of Flipkart’s plan to offer more immersive camera experiences, virtual shops, and new ways for brands to advertise on the site.

Indian Startups Acquisition – 2021 Updated List

The Indian startup space in India is looking at a lot of mergers and acquisitions this year and the next. To know more, find the latest startups acquisition news from this article.

StartupTalkyJeenal Jain

Spotmentor Technologies acquired by EY India

Top Startup Acquisition

EY is a leading provider of assurance, consultancy, strategy and transactions, and tax services worldwide. Spotmentor technologies, an end-to-end skilling platform that helps organisations discover skills necessary for the future of work, upskilling, and reskilling employees at scale, was acquired by EY India in November 2020 for an unknown price. It makes use of cutting-edge technology like artificial intelligence and machine learning to help organisations address crucial competence gaps.

Rekrut India acquired by upGrad

Top Startup Acquisition

UpGrad is a Mumbai-based online higher education ed-tech firm that offers data analytics, product management, entrepreneurship, and digital marketing courses. It was named the official education partner for the Startup India learning initiative by the Indian government in September 2016. Rekrut India is a firm that provides recruitment and staffing solutions to help businesses grow their human resources. Rekrut India was acquired by upgrad in December 2020 for an unknown sum. It is the first time that an ed-tech or recruiting business has completed a 100 per cent acquisition.

Rekrut India will continue to function independently following the acquisition.

Directly acquired by ClickIndia

Top Startup Acquisition

Clickindia is a classified website that makes it simple to find, buy, sell, trade, and communicate with others who share the same interests. Directly. Live is a software-as-a-service (SaaS) company that enables people and businesses to plan meetings by integrating its platform into their systems and allowing them to hold video conversations with one another. In March 2021, Clickindia bought directly. Live for an undisclosed sum in an all-cash acquisition.

Fleapo acquired by Stritmedia

Top Startup Acquisition

Stritmedia is a four-year-old Kolkata-based firm that specialises in advertising and news media houses and affiliate marketing.

In December 2020, it paid an unknown sum for Fleapo Pvt Ltd, resulting in the establishment of a new brand called Sinofled Pvt Ltd. Fleapo works in the software and application development industry. Apart from the acquisition, Strirmedia aims to invest about $100,000 in expansion plans, staff building, and the brand’s services department.

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Fitternity acquired by Cure.Fit

Top Startup Acquisition

Cure.Fit bought Fitternity, a Bengaluru-based fitness aggregation platform, in February 2021. It’s also one of the country’s largest fitness facility aggregators. Cure. Fit is a health and fitness firm that provides digital and offline experiences in exercise, nutrition, and mental health.

Fitternity will continue to operate independently, allowing Cure.Fit to expand its Cult Pass offering. Cure.Fit has now acquired Fitternity for the sixth time. Cult was acquired in 2016, followed by Tribe and 1000 Yoga in 2017, Fitness First in 2018, and Onyx in 2021.

Steps Involved in the Process of Startup Acquisition

Want to get acquired by big companies? Here’s a step-by-step guide to consider when looking to embark on the startup acquisition process.

StartupTalkyVibhavari Madki

Kamatan acquired by Samunnati

Top Startup Acquisition

Samunnati Financial Intermediation & Services, based in Chennai, which provides financial solutions for the agricultural sector, announced on April 12th, 2021, that it had acquired farmer-centric Agri supply chain platform Kamatan Farm Tech, an agricultural-technology startup focusing on the farming logistics and supply chain segment. After agri-tech firms LivLush and Sabziwala, Kamatan was created.

Elevar Equity, an impact venture capital firm, financed both and combined their firms in March 2020.

According to a statement from Samunnati, the acquisition would enhance the company’s market connection outreach activities. Farmer Producer Organisations (FPOs), small merchants, and agro SMEs would interact with corporate customers through the new company.

DailyJoy acquired by Lenskart

Top Startup Acquisition

In April 2021, Lenskart, a Delhi-based eyeglasses firm that joined the unicorn club last year, bought DailyJoy, a food and necessities delivery business in Tier 1/2 cities like Lucknow and Hyderabad, to strengthen its technological stack and technical capacity.

The acquisition is only to bolster the Acquiree’s team strength and exploit its technological knowledge. To assist its expansion, Lenskart wants to make Hyderabad a centre for high-quality, consistent engineering.

GamingMonk acquired by The Mobile Premier League

Top Startup Acquisition

MPL is an esports and skill gaming platform based out of Bengaluru. In April 2021, it acquired GamingMonk, a Delhi-based esports broadcasting platform that conducts esports competitions on various platforms, including mobile, console, and PC. The competitors include FIFA, Counter-Strike, and Call of Duty, and they are all streamed. MPL has absorbed the whole GamingMonk crew.

FAQs

What is startup acquisition?

Startup acquisition is the process of buying a successful or evolving startup company that has gained grip in the market.

What are the different types of acquisitions?

There are 4 types of Acquisition:
- Horizontal Acquisition
- Vertical Acquisition
- Conglomerate Acquisition
- Congeneric Acquisition
November 16, 2021
Top 7 Subsidiaries of Walmart: The Biggest Retail Store

Imagine finding a marketplace, where you can get almost anything and everything. Well, you don’t have to imagine anymore, because a place like that already exists in reality itself. From groceries to furniture, almost everything you need can be found under a single roof, thanks to the world’s biggest retail corporation, Walmart.

This American multinational corporation was founded in the year 1962 by Sam Walton and has been serving its customer since then. It also comes under the list of the top 5 largest corporations in the world by sales. Approximately 40% of products in Walmart are produced by contractors and manufacturers for the retail store itself, basically, it is private-labeled.

Walmart has been with its customer as a trusted partner since its beginning and currently has more than 11,000 stores in 27 countries that run under different names. The headquarters is situated in Bentonville, United States, this store sells over 75 million products and largest private company to employ over 2.2 million people.

This retail giant has captured almost all the largest marketplace and has subsidiaries, almost all over the world. This retail giant mostly concentrates on selling quality products at a reasonable price, thus giving cut-throat competition to its competitors.

“There is only one boss, The customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else.”

–Sam Walton

In this article, we will talk about all the popular subsidiaries that are owned by Walmart. So let’s dive into it.

Sam’s Club
Seiyu Group
Jet.Com
Eloquii
Flipkart
Bodega Aurrera
Moosejaw
FAQ

Sam’s Club

Sam’s Club

The child of Walmart itself, Sam’s Club was founded in 1983 by Walmart’s founder, Sam Walton. This member’s only retail warehouse was started to give access to different products and services to those who want to make their small businesses successful.

This warehouse club offers its members good products at a reasonable value. The headquarters is in Bentonville, United States. Over 600 warehouse clubs over the United States and Puerto Rico, give the members an option to buy products in a huge quantity. The current CEO of the club is Kathryn McLay.

The club has been able to win customers by offering some features like free shipping to its plus members. The revenue of Sam’s Club is $64 billion in 2021.

Seiyu Group

Seiyu Group

This is a Japanese retails store group consists of supermarkets, department stores, and shopping centers. It was formed in the year 1963 by Seibu Department Stores. It is home to a great collection of fresh food, general merchandise, and clothes and offers them to its customers.

In the year 2002, Walmart bought about 37% of Seiyu. While in 2003, a deal was signed between Seiyu and Walmart that states it will teach global supply chain practices to the former. Walmart became the owner of Seiyu in 2008 after obtaining the majority stake of the company. With its headquarters situated in Tokyo, Japan, the company is headed by Lionel Desclee.

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Jet.com

Jet.com Website

Founded in the year 2014 by Marc Lore, Mike Hanrahan, and Nate Faust, this is an E-commerce retail store, where one can get anything from groceries to beauty products. The headquarters was situated in New Jersey, United States.

In the month of August of 2016, Walmart acquired Jet.com with $3 billion in cash and $3 million in Walmart stocks. It is considered the biggest purchase of an e-commerce site in the history of this industry. Unfortunately, Walmart closed Jet.com in the year 2020.

Eloquii

This online plus-size clothing store designed trending clothes and accessories for plus-size people. Eloquii Design with its headquarters situated in New York, United States was founded in the year 2012 by Jodi Arnold, John Auerbach, Julie Carnevale, and Steve Zawada.

Walmart acquired Eloquii in the year 2018 by paying $100 million in cash. Currently, the CEO of this online clothing store that is the destination of fashion for plus-size people is Mariah Chase.

Flipkart

India’s one of the largest online retail stores was founded in the year 2007 by Binny Bansal and Sachin Bansal. It is situated in Bangalore, India; it is undoubtedly currently one of the biggest online marketplaces that offers 30 million products to its customer in 70 plus categories.

Walmart in 2018 grabbed the opportunity and acquired Flipkart for $16 billion. From 100 orders per day to 10,000 orders per day, it has come a long way, Walmart decision to acquire it is surely one of the greatest deals. The CEO of Flipkart is Kalyan Krishnamurthy and its revenue as of 2020 is Rs 34,610 crore.

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Bodega Aurrera

Bodega Aurrera

The biggest Mexican food and beverage store was founded in the year 1958 as Aurrera. In 2001, Walmart bought Bodega Aurrera, currently, its headquarters is situated in Mexico City, Mexico.

This subsidiary of Walmart is the leading grocery store and has over 2044 plus stores all over the region. As of now, the CEO of Bodega Aurrera is Raul Quintana.

Moosejaw

Moosejaw

This retail store mostly offers outdoor clothing like sweatshirts, hats, short shoes, and objects required for camping and traveling. Founded in the year 1992 by Robert Wolfe and David Jaffe, this online e-commerce site was acquired by Walmart in the year 2017 for $51 million. From snowboarding to rock climbing, to hiking, every item needed for this adventure can be found in Moosejaw.

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Walmart is US-based multinational retail firm that owns and operates a network of superstores. Read the business model of Walmart & its strategy.

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Conclusion

With acquiring so many subsidiaries since its founding in 1962, it has become one of the biggest companies in the world and took the spot of Number 1 by revenue. Apart from offline retail stores, it is acquiring the biggest e-commerce stores of different countries to spread its business. Walmart is in the mood of world domination and at this point, it is not going to stop at any moment.

FAQ

Who owns Walmart?

Walmart is owned and controlled by the Walton family.

What is the revenue of Walmart?

The revenue of Walmart is 55,920 crores USD as of 2021.

Who is the founder of Walmart?

Sam Walton founded Walmart in 1962.

October 5, 2021
Why Softbank is Investing 700 million in Flipkart after exiting the firm in 2018?

SoftBank Vision Fund is a Japanese based company that had exited from its investments in Flipkart after selling them off to Walmart Inc during the year 2018. But the company has now held discussions in order to invest into the e-commerce giant, Flipkart. Let’s look at why SoftBank is trying to buy Flipkart again.

Softbank Funding – Latest News
Flipkart Plans for IPO in US
Reason for SoftBank’s Investment in Flipkart
Flipkart’s Investment
FAQ

Softbank Funding – Latest News

SoftBank has held discussions with the e-commerce giant, Flipkart to invest an amount of around USD 600 – USD 700 million during the funding round. Certain sources have claimed that the funding which is being raised by Flipkart is much more larger which is expected to be around USD 2 billion.

The funding rounds estimated to see the participation of a group of investors or wealth funds which include Canada’s CPPIB, Abu Dhabi’s ADQ as well as the existing investors of the company which includes GIC and Qatar Investment Authority.

The sources have conveyed that the funding rounds would value the e-commerce giant to closely around USD 25 – USD 30 billion.

Flipkart Plans for IPO in US

Flipkart had plans to go for an Initial Public Offering in the United States and the investment from Soft Bank would lead the company to push aside its plans to go public. This would mean that the e-commerce giant would stay as a private company for longer than it was intended to.

A person close to the developments has conveyed that the deal between SoftBank and Flipkart would be finalized up in the next few weeks of June 2021. As per earlier reports, the e-commerce giant had plans to go public during the year 2022.

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Reason for SoftBank’s Investment in Flipkart

If the deal to invest in Flipkart is finalized then it would be another big move from the Japanese based group, SoftBank in entering into the Indian e-commerce market. The company has already been part of the e-commerce market with huge cash investments.

After the exit from the e-commerce firm Flipkart during the year 2018, the re-entry into the firm is at the right time when the large Indian groups such as TATA and Reliance have been entering into the market sector and is trying to catch the market share.

Even the rival firm of Flipkart which is Amazon has increased its investment in the Indian market by more than USD 7 billion in diversified sectors which include retailing, online payments, food delivery, grocery delivery, etc.

The investment from SoftBank will help the e-commerce giant to build an ecosystem in order to compete with the rivals such as Reliance, TATA and Amazon.

Revenue growth of Flipkart

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Flipkart’s Investment

Flipkart under the leadership of Kalyan Krishnamurthy has grown significantly over the years. They have increased their investments and the acquisitions in order to bulk up their logistics and supply chain in order to increase the its brand and fashion portfolio.

In the month of April 2021, the company had acquired Cleartrip in order to strengthen its presence in the hospitality sector. Flipkart had also acquired an 8% stake in the Aditya Birla Fashion and Retail Ltd and also a 27 % stake in the Arvind Fashions.

Other recent investments of the company include a logistics startup and a supply chain startup. The company is also focusing to invest heavily into the online grocery platform as it has seen an increased demand due to the pandemic and the lockdown in the major cities.

The company has announced that it has plans to build warehouses for scaling up its grocery business and hired employees for it. The Indian business of Flipkart is operated through multiple entities. The online business is run by Flipkart internet and Flipkart India.

Conclusion

The e-commerce giant has expected to raise funds from the Canada Pension Plan Investment Board and also from the existing investors. 76.9 % of the stake is owned by the Parent company Walmart INC. The other investors include UBS, GIC, Accel, Microsoft, Qatar Investment Authority, Tiger Global Management, Tencent, ESOP pool and the founder Binny Bansal.

FAQ

When did SoftBank Invest in Flipkart?

SoftBank’s Vision Fund invested $2.5 billion in Flipkart in August 2017.

When did Walmart invest in Flipkart?

In 2018 Walmart bought a roughly 77% stake in Flipkart for $16 billion.

Is Softbank investing in Flipkart again?

Yes, Softbank is in talks with Flipkart to invest approximately $700 million in it.

June 7, 2021
Why did Verizon sell Yahoo and AOL for half of their value

On 3 May 2021, Verizon had announced that it is selling Yahoo and AOL properties to Apollo Global Management. It is estimated that the company has sold Yahoo and AOL for almost half of what it had paid for acquiring the company. Let’s look at why Verizon sold Yahoo and AOL for half the price.

About the Deal
Acquired Amount
Reason for the Sale
Recent Sales of Verizon
Apollo Capital Management
FAQ

About the Deal

Verizon has sold its properties, that is Yahoo and AOL to Apollo Global Management. The deal is said to be worth USD 5 billion which is half of what the company had paid for both the properties which were around USD 9 billion.

Verizon will maintain around a 10 % stake in the company in Yahoo and the company will continue to be led by the CEO Guru Gowrappan.

Acquired Amount

In 2015 for the company AOL, Verizon had actually paid around USD 4.4 billion and two years later, the company had paid around USD 4.5 billion for the acquisition of Yahoo.

The media divisions included properties such as Yahoo Sports, Tech Crunch and Engadget. All the media companies were consolidated under the inappropriate name Oath, which was later renamed as Verizon Media Group in the year 2018.

At the time of acquisition, people connected to the internet through AOL and its front page was Yahoo. Yahoo and AOL were at their peak with a market capitalization of more than USD 200 billion for AOL and Yahoo with a market capitalization of more than USD 100 billion.

Verizon Acquisition

An interesting Guide to the Process of Startup Acquisition

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Reason for the Sale

The main reason for the sale of Verizon’s Yahoo and AOL was due to
their failed attempt to turn itself into a major player in the online advertising market and digital content. Since at the time of the acquisition of AOL and Yahoo both the companies were at their peak in the market with a huge market capitalization.

In the early days of the internet era, both AOL and Verizon were success stories of the internet. Later both the companies failed to catch up with the trends in the market.

AOL had become a corporate giant after it sold its dial-up internet services for millions but later the company started declining and faded as a dial-up service which was replaced by broadband.

While Yahoo was a widely known and popular search engine and a web service portal, but later its competitor Google started capturing the market which led its business to suffer. AOL which is Verizon’s ad tech business is said to be suffered and is under closing conditions.

This deal will be a closing for Verizon’s experiment into the media production and advertising businesses.

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Recent Sales of Verizon

In the year 2019, the company had sold Tumble for an amount that was not disclosed. The estimated amount is said to be below USD 3 million but Yahoo in the year 2013 had paid around USD 1.1 billion for acquiring the blogging platform.

In the year 2020, the company had sold HuffPost to Buzzfeed which was acquired by AOL in the year 2011 for an amount of USD 315 million.

Apollo Capital Management

Apollo Capital Management is a private equity firm. The company owns Cox Media, Arts and Crafts retail chain Michaels and Venetian resort in Las Vegas. The company also owns the tech companies which include Shutterfly and Rackspace which makes the company more familiar with the tech industry.

Reed Rayman who is the partner of Apollo said that the company is excited to unlock the tremendous potential of Yahoo and its unique collection of brands. He added that they have a great amount of respect and admiration for the work and progress the entire organization has made over the last several years.

He said that they are looking forward to working with the CEO Guru and his talented team and the partners at Verizon in order to increase the growth of Yahoo in the coming future.

FAQ

How much did Verizon pay for Yahoo?

Verizon acquired Yahoo for $4.5 billion.

How much did Verizon pay for AOL?

AOL was acquired by Verizon Communications for $4.4 billion

Who is the parent company of Verizon?

Verizon Communications is the parent company of Verizon.

Conclusion

The deal between Apollo Capital Management and Verizon is expected to close by the second half of 2021. Verizon has plans to focus on its 5G network once it gets rid of the media arm.

May 6, 2021
How Tata will soon compete Jiomart

TATA Group has been looking to acquire the grocery delivery startup Bigbasket. The company has received approval from The Competition Commission of India (CCI) to acquire the unicorn grocery delivery startup of India. Let’s look at how TATA will soon compete with Jiomart and the further details of the acquisition of Bigbasket.

Tata to Acquire Bigbasket
Why Tata is Planning to acquire Bigbasket
Value and details of the Deal
About BigBasket
FAQ

Tata to Acquire Bigbasket

The latest deal of TATA digital is to acquire a stake in the B2B arm of Bigbasket which is Supermarket Grocery Supplies Private Ltd (SGS) which will let TATA digital to indirectly acquire Bigbasket’s Online Retail Business Innovative Retail Concepts (IRC). This will take place through separate transactions.

The deal will let TATA digital to control both Bigbasket’s retail and wholesale business units. The CCI(Competition Commission of India) has said that the proposed deal will not lead to any problems or changes in the competitive landscape in India. CCI has said that irrespective of the manner in which the relevant markets are defined the deal will not cause any effect in the competition in India.

Why Tata is Planning to acquire Bigbasket

TATA Group has got the approval from the Competition Commission of India to acquire the grocery delivery unicorn startup with a stake of 64.3 %. The acquisition is expected to be done through TATA digital which is the digital arm of the TATA group.

TATA digital has plans to launch a super app by this year. The planned super-app is a step towards competing with the digital business conglomerates such as Amazon, Reliance Industries and Flipkart which is owned by Walmart.

The app is expected to help the consumers to get access to services such as ordering food and grocery, fashion and lifestyle, insurance and financial services, consumer electronics and consumer durable products, education, healthcare and bill payments.

The company also has talks to acquire 1mg which will be a part of the strategy to expand its e-pharmacy offerings to its customers.

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Value and details of the Deal

The exact value of the transaction has not yet been disclosed. The estimation according to the market is around USD 1.8 to USD 2 billion. According to the deal, most of the existing investors of Bigbasket will be exiting the company which includes the Chinese based e-commerce platform Alibaba.

According to the earlier reports, the TATA group is expected to buy the 30 % stake of Alibaba in the online grocery company Bigbasket. The Bigbasket’s top management which includes the co-founder and CEO of the company Hari Menon and others are expected to continue on the board.

According to the terms of the deal, TATA group has said that it will allow the company to list on the public markets as early as 2022.

Tata Bigbasket Acquisition

About BigBasket

BigBasket is a trade name of Supermarket Grocery Supplies Private Ltd. The company was founded in the year 2011 and has its headquarters located in Bangalore, India. It is an online grocery delivery service that primarily focuses on delivering grocery foods that are found in convenience stores, home essentials and food supplies to its customers.

The company entered the unicorn club of India in the year 2019 after raising a capital of around USD 150 million in the Series F funding. The funding was raised from the companies such as Alibaba, CDC Group which is backed by the UK Government and Mirae Asset Global Investments of South Korea.

FAQ

Is Walmart investing in Tata?

Walmart is planning to invest upto $25 billion in Tata Group’s super app.

Which Tata company is buying big basket?

Tata Sons Pvt. Ltd has agreed to acquire control of India’s largest online grocer Bigbasket for more than $1billion.

Is Tata digital listed?

Tata Digital Limited is a Public incorporated on 11 March 2019. It is classified as Non-govt company.

Conclusion

The acquisition of Bigbasket is a huge step taken by the TATA group to increase its competency level in the digital retail business in India. The already existing companies which include Jiomart, Amazon and Flipkart are expected to face a huge competition from this acquisition.

May 1, 2021
Acquisitions of Indian Startups by its Competitor

What do you mean by the term Acquisitions? On what metrics the company acquires other companies? Is acquiring other competitor companies legal? Which are some of the latest acquired companies? Interesting isn’t it?

According to Investopedia, the definition of Acquisitions is as follows-

An acquisition is when one company purchases most or all of another company’s shares to gain control of that company.

Acquisitions, which are very common in business, may occur with the target company’s approval, or in spite of its disapproval. Some of the parameters needed to be checked before acquiring a company. These metrics should be followed before evaluating an acquisition- Financial value of the company, Asset value of the company, Possible resale value of the company, and its assets.

Read this article to know more about the common questions related to startup acquisitions. We have listed down some of the latest and deal-breaking acquisitions in the Indian Startup Ecosystem.

Top Indian Startup Acquisitions
1. Walmart acquires Flipkart
2. Snapdeal acquires FreeCharge
3. Tata motors acquire Jaguar and Land Rover
4. Flipkart acquires Myntra
5. Ola acquires TaxiForSure
6. Zomato acquires Urbanspoon
7. MakeMyTrip acquires MyGola
FAQ’s
Conclusion

Indian Startups – Funding & Investors Data [January 2021 Updated]

Ideas, creativity, and execution are essential for a startup to flourish. Butare they enough? A startup succeeds in the long run only if it can scale as andwhen required. Investors provide startups and other entrepreneurial ventureswith the capital—popularly known as “funding”—to think big, grow …

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Top Indian Startup Acquisitions

India, the 3rd largest startup hub in the world is home to many new startups. Every other day we hear about new startups coming up in India. With all these new startups coming up every other day, the competition increases. This leads to acquisitions. The strong prey on the weak or the potential competitor. Recently, the Walmart-Flipkart merger in mid-2018 is the first breakthrough in the minds of many. From a country’s M&As (mergers & acquisitions) viewpoint, this acquisition has been a milestone and still has an ecosystem impact. If the sale was the horse rider or the fact that the ecosystem was more M&A safeguarded, the overall fusions and acquisitions this year have decreased.

As we approach the mid of 2021, there are sudden reports of potential acquisitions and exits in the Indian startup ecosystem. Some of India’s largest startups have made many acquisitions to grow their footprint, grab a larger market share or endure growing competition from competitors, including Tata Motors, Zomato, Snapdeal, Flipkart, and others.

1. Walmart acquires Flipkart

Flipkart and Walmart Logo

With the American retail giant investing 16 billion worth, Walmart‘s takeover of Flipkart is the first-ever in India. But this acquisition was not the country’s first major takeover we saw. Here is a list of some of India’s major fusions and acquisitions. In 2018, Walmart purchased Flipkart 77 percent for $16 billion. This makes it India’s largest acquisition.

Walmart | American Multinational Retail Company | Company Profile |

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2. Snapdeal acquires FreeCharge

Snapdeal and FreeCharge Logo

In April 2015, Snapdeal acquired the Freecharge smartphone recharge service. It was valued at $400 million for the cash plus equity deal and the largest takeover in Indian internet business history. The partnership brought in about approx. $1.1 billion in financing from Snapdeal, and $120 million from Freecharge in particular. Freecharge remained a separate company after the takeover, allowing Snapdeal to grow its digital trading ecosystem. Snapdeal has had several major acquisitions last year: In the center of this move, China’s giant Alibaba took an interest in Indian eCommerce in Snapdeal.

Sandeep Tandon | Co-founder of FreeCharge | Managing Director at Tandon Group |

Sandeep Tandon is a Technology Entrepreneur, Investor and a Mentor. He is the Co-founder at one of India’s first mobile payment platform, FreeCharge[/freecharge-best-deals-cashbacks/]. He also serves as the Managing Director of Tandon Group, a technology catalyst that owns numerous businesses by …

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3. Tata motors acquire Jaguar and Land Rover

Tata Motors, Jaguar and Land Rover Logo

As announced on March 26th, Tata Motors purchased the Ford Motor Company’s Jaguar Land Rover companies from the company for a net amount of $2.3 billion. In the Jaguar Land Rover pension plans, Ford contributed around US$600 million. Mr. Ratan N. Tata, Chief Operating Officer of the Tata Sons and the Chief Financial Officer of the Ford Motor Group, Don Leclair and Mr. Lewis Booth, Executive Vice-Chairman of the Ford of Europe Motor Company and Mr. La Jaguar La Tata Motors attended this ceremony at the Gaydon headquarters at the Jaguar Land Rover.

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4. Flipkart acquires Myntra

Flipkart and Myntra Logo

In May 2014, after months of rumors, India’s leading e-commerce company Flipkart acquired a trendy rival Myntra, a development that had to do with the increasing presence of Amazon in India. None of the parties verified the acquisition’s exact valuation, but sources placed the cash and equity transaction between 300 and 330 million dollars.

Flipkart launched as a supermarket in 2007, offering apparel and electronics in all categories. It also offers furnishings and white products. The change is anticipated to help Flipkart reinforce its clothes collection and contend with Amazon and Snapdeal more vigorously. With his co-founder and CEO Mukesh Bansal joining Flipkart and running the apparel company, Myntra will continue to run as an autonomous entity.

Mukesh Bansal – CEO of Cure.fit | Founder of Myntra

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5. Ola acquires TaxiForSure

Ola and TaxiForSure Logo

Ola, one of India’s largest ride-hailing operation, acquired TaxiForSure for $200 million as a smaller, but value-centric, cash and equity acquisition in March 2015. Ola’s footprint in the country has been extended by adding TaxiForSure’s 15,000+ fleet onto its network across 47 cities. In October 2014, Ola raised SoftBank $210 million in addition to the 41,5 million dollars it raised earlier, adding over a quarter-billion dollars in overall financing in 2014. When TaxiForSure was acquired, it had 15,000 vehicles in 47 cities on our network a few months after the launch of Ola in January 2011. In India, it has recently been an upright battle between Uber and Ola, who have joined Didi Kuaidi, GrabTaxi, and Lyft globally.

OLA Success Story – Full Form, Story, Founder, Business Model, Funding History, Team, News

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6. Zomato acquires Urbanspoon

Zomato and Urbanspoon Logo

In January 2015, Zomato purchased a 50 million dollar US competitor, Urbanspoon, at what was one of the highest offshore transactions for an Indian startup. The purchase marked Zomato‘s visit to the US, Canada which Australia, and took over 22 countries around the world. The takeover signals the entrance of Zomato in the USA. This is the sixth and largest purchase of Zomato in the last six months. The purchase will rise from 300,000 to 1.000,000 restaurants globally more than three times the inventory of Zomato’s Restaurant. In the coming months, Urbanspoon will pass onto Zomato.com, and the Zomato software will be used by all Urbanspoon app users. Zomato increased the overall amount of venture funds raised by the firm to $113 million from Sequoia, Knowledge Edge, and Vy Capital in November.

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7. MakeMyTrip acquires MyGola

MakeMyTrip and Mygola Logo

A leader among India’s travel reservation sides was the Nasdaq-listed MakeMyTrip, a pioneer in Indian tourism reservation – which was funded by investors such as Helion Venture Partner, 500 Partners, and Blumberg Capital at the last minute. Mygola, founded by IIT Mumbai in 2009, says travelers can create customs journeys in 15 minutes by using Bapna and Prateek Sharma. It has up to 5000 installations in the Google Playstore on Android and is present in 16 cities worldwide. The acquisition happens as Indian travel is heating up, as an investment in 2015, for the most part, early-stage, has crossed 71 million dollars, compared to 55 million dollars in all of 2014 (about 440 crores).

MakeMyTrip Success Story – Founder | Business Model | Revenue

More Indians are now booking tickets and hotels online than ever before. Nothingcan beat the comfort of being able to plan a trip from the comfort of your home.You can check out the prices and compare them to get the best out of the deal. A company that holds a major share in the Indian online …

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FAQ’s

Let’s discuss some of the frequently asked questions (FAQ’s) related to startup ecosystem..

What do you mean by the term Acquisitions?

An acquisition is when one company purchases most or all of another company’s shares to gain control of that company. Acquisitions, which are very common in business, may occur with the target company’s approval, or in spite of its disapproval.

On what metrics the company acquires other companies?

These metrics should be followed before evaluating an acquisition- Financial value of the company, Asset value of the company, Possible resale value of the company, and its assets.

Is acquiring other competitor companies legal?

Acquisitions, which are very common in business, may occur with the target company’s approval, or in spite of its disapproval.

Which are some of the latest acquired companies?

Larsen and Toubro Ltd (L&T) gained a controlling interest in Mindtree Ltd, raising its stake to 60% in the Bengaluru-based company on 27 June 2019 and successfully concluding India’s first hostile takeover of an IT company.

How do startups get acquired?

The startups that last usually get acquired for their market share before they hit those numbers. Intellectual property is the most common way to build a defensible product. In fact, many startups with a proprietary product get acquired before they even take their solution to the market.

How long does a startup acquisition take?

Corporate mergers and acquisitions can vary considerably in the time they take to be completed. This length of time may span from six months to several years. There are a number of individual steps that need to be completed successfully by two public companies before they are legally combined into a single entity.

Conclusion

Startup acquisitions happened in the past and will keep happening in the future. If there is a slight possibility that the competitor can be a problem in a long run then acquisitions will happen for sure. Investors will keep looking for further IPOs, new firms and acquisitions from publicly traded companies in the subsequent year as the number of acquisitions, and their scale in India is growing. Up until now, they have relied primarily on other startup acquisitions. As the Indian startup ecosystem continues to expand and draw more foreign interest, the value of M&A transactions in the country can only be projected to rise in the coming years accordingly.

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March 19, 2021