PickMyLaundry acquires OneClickWash in all-cash deal

LaundryNew Delhi-based PML Solutions Pvt Ltd, which runs on-demand dry cleaning and laundry services provider PickMyLaundry, has acquired subscription-based laundry and dry cleaning startup OneClickWash for an undisclosed amount in an all-cash deal. The acquisition will help PickMyLaundry to leverage OneClickWash’s laundry processing unit and tech infrastructure, as well as an experienced team, to improve […]

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Bharti Airtel picks stake in fintech startup Seynse

For-Airtel-Payment-Bank-Story_Mukul-Mudgal_feTelecom major Bharti Airtel has acquired a strategic stake in Goa-based financial technology startup Seynse Technologies Pvt. Ltd, it said in a statement. The value of the investment is not disclosed. Seynse has created the digital lending platform Loan Singh which provides consumers access to loans through its proprietary credit scoring engine, with a network […]

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Exclusive: Focused on penetrating into tier II, III cities in India: Yatra.com’s Dhruv Shringi

Dhruv Shringi, Co-founder, Yatra.comOnline travel agency (OTA) Yatra Online Inc. and Terrapin 3 Acquisition Corp’s combined stock listed on NASDAQ under the ticker symbol “YTRA” on Monday. In an exclusive conversation with Techcircle a few hours before the listing, Dhruv Shringi, co-founder and chief executive of Yatra.com said that he is certain that the listing will deliver long-term […]

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China’s Ctrip.com to acquire Skyscanner

CtripNasdaq-listed Ctrip.com International Ltd, which provides travel services including accommodation reservation, transportation ticketing, packaged tours and corporate travel management, has agreed to acquire global travel search site Skyscanner Holdings Ltd, for nearly £1.4 billion ($1.74 billion) in its bid to grow bookings for hotels, rental cars and flights for travelers. The purchase consideration consists of […]

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IBM buys cloud services startup Sanovi

greeting-1296493_1280Tech Giant IBM has announced a definitive agreement to acquire Bangalore-based Sanovi Technologies Pvt. Ltd for an undisclosed amount on Thursday. The deal will enable IBM to bolster its cloud offerings. Bangalore-based Sanovi provides hybrid cloud recovery, cloud migration and business continuity software for enterprise data centers and cloud infrastructure. The deal is expected to […]

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ShopClues will be the first e-commerce company to become profitable in India: Sanjay Sethi

Sanjay Sethi, CEO, ShopClues.comWhile the Diwali season turned into a battle between Amazon, Snapdeal and Flipkart; ShopClues, run by Clues Network Pvt. Ltd., has been quietly chasing profitability. The Gurgaon-based firm is confident of registering EBIDTA (Earnings before Interest, Taxes, Depreciation and Amortization) profitability in the second quarter of next year on the back of higher margins, increasing […]

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MakeMyTrip-ibibo merger: What it means for hotel aggregators

MakeMyTrip-ibibo mergerThe merger between MakeMyTrip and Naspers-owned ibibo Group could benefit hotel aggregators in India in more ways than one. To begin with, it will reduce cash burn and discounting, founders of several hotel aggregation platforms told TechCircle. On Tuesday, NASDAQ-listed and India’s oldest online travel company MakeMyTrip Ltd agreed to buy ibibo Group in the […]

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Naspers: Master of consolidation in Indian Internet business

For-Naspers-Story_ThinkstockPhotos-5861837382Consolidation is not an unfamiliar word for new-age Internet businesses. It signals a maturing of the industry after a burst of innovation backed by venture capital money. If the roughly decade-old history of Indian Internet industry is scanned, the real take-off with consumer adoption started only around 2010-11. Around the same time, a little known […]

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Disney working with bankers ​for a​ possible Twitter acquisition

Bob IgerWalt Disney has had talks about a potential acquisition of micro-blogging site Twitter and is working with bankers to evaluate a possible bid for the social media company, according to a report by the financial news agency Bloomberg. Some media reports have suggested that Twitter could fetch $30 billion, but TechCrunch reported that the price […]

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Twitter starts talks to explore sale; Google, Salesforce potential suitors

Twitter2Struggling microblogging platform Twitter Inc. seems to have inched closer to getting acquired. The San Francisco-based company has held preliminary talks with several technology companies, including Google and Salesforce, and could soon receive a formal buyout bid, international media reports said. CNBC quoted anonymous sources as saying that Twitter’s board of directors is “largely desirous […]

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