PhysicsWallah acquires S Chand’s entire stake in iNeuron for Rs 14 crore

S Chand and Company Limited will sell PhysicsWallah its whole 6.05% ownership in the AI/Data Sciences-focused Ed Tech company iNeuron Intelligence Private Limited for Rs 14 crore.

S Chand’s regulatory filing reads, ‘with a return of over 200% on the original investment of approx 7 crores in December 2021, this is the second recent exit for S Chand.”

Mozilla acquires web-based metaverse startup Active Replica

Mozilla’s ongoing work with Hubs, a VR chatroom service and open-source project, will be supported by Active Replica.

The Active Replica team will focus on personalized subscription tiers, enhancing the onboarding procedure, and providing new interaction features in Hubs. Jacob Ervin and Valerian Denis established Active Replica in 2020.

Capillary acquires Persuade to bolster US biz

  • Singapore headquartered and India born customer loyalty and engagement solutions provider Capillary Technologies on Tuesday said it has acquired Minneapolis, US based customer experience company Persuade.
  • Capillary Technologies did not specify the details of the deal.
  • Warburg Pincus backed Capillary has previously acquired Hyderabad-based multichannel platform for retailers Martjack as well as Bengaluru-based data insight provider for retailers Ruaha Technology Labs and omni-channel order and marketplace management platform Sellerworx.


Healthium buys CareNow in third acquisition this year

  • Apax Partners owned Healthium Medtech, formerly known as Sutures India, on Wednesday said it has acquired CareNow Medical.
  • CareNow has a manufacturing facility in Coimbatore and with it Healthium will have eight manufacturing facilities.
  • CareNow is the third acquisition by Healthium this year.


Prosus-owned PayU acquires BillDesk for $4.7 Bn

  • Payu, owned by Prosus, has acquired BillDesk for $4.7 billion, in what is easily one of the biggest deals in India’s fintech space.
  • The proposed deal is subject to approval from India’s competition watchdog and builds on previous acquisitions by PayU in India, including CitrusPay, Paysense and Wibmo.
  • What makes this deal even more significant is that the over 20 year old BillDesk is one of the oldest payment gateways in India and powers close to 60% of the country’s online bill payments.


Yandex buys out Uber’s stake in Yandex Self-Driving Group, Eats, Lavka and Delivery for $1B

  • Yandex SDG is an autonomous technology spinout from MLU B.V., the ride-hailing and food delivery joint venture Yandex formed with Uber in 2018 by merging Yandex.
  • Last year, when SDG was spun out into a separate business, Uber was left with an 18.2% stake in the company, which has just been bought out by Yandex.
  • Yandex also purchased Uber’s 33.5% collective interest in Yandex’s food delivery service, last-mile logistics service and 15-minute convenience store delivery service.


Scaler Academy acquires online coding platform Coding Elements

  • Edtech startup Scaler Academy has acquired online coding platform Coding Elements in an all-cash deal worth about $1 million, according to its cofounder, Abhimanyu Saxena.
  • Coding Elements began in 2017 as a coaching institute in Delhi offering computer science courses to its students.
  • Read Now Coding Elements also offers courses in partnership with government think tank Niti Aayog to over 2 million students across 6,000 schools.


Nazara Technologies acquires OpenPlay for Rs 186 crore

  • Gaming and sports media platform Nazara Technologies has acquired Hyderabad-based skill-based gaming company OpenPlay for about Rs 186 crore.
  • While Gamify learning and e-sports contribute around 81% to its revenue, with each bringing in upwards of Rs 200 crore, free-to-play mobile gaming is around 4% and real-money gaming is around 2% of the mix, Agarwal said.
  • OpenPlay currently has an annualised gross gaming revenue run rate of Rs 80 crore and is Ebidta-positive.


Delhivery acquires Spoton Logistics ahead of planned IPO

  • Mumbai: Delhivery has acquired Bengaluru-based Spoton Logistics to strengthen its business-to-business vertical ahead of a planned initial public offering.
  • Read Now According to Pankaj Kalra, senior executive director at Kotak Investment Banking, the acquisition of Spoton Logistics will help Delhivery emerge as one of the largest express less-than-load solution providers in India and serve new clients and industries.
  • Delhivery IPO In an interview with ET in June, Delhivery’s Barua said the company is likely to launch its $500-million IPO and list on the Indian stock exchanges by early next year.


Quikr Acquires StayGlad to Further Scale AtHomeDiva

Quikr has acquired StayGlad, the marketplace for beauty services. The strategic move will further strengthen the market leadership of its beauty service brand, AtHomeDiva, by enabling it to take on even more beauty services requests under its services vertical, QuikrServices.

AtHomeDiva currently offers on-demand, in-home beauty services across six cities including Bangalore, Delhi, Mumbai, Chennai, Gurgaon and Hyderabad. 

Bangalore-based StayGlad was founded in May, 2015 by IIT KGP alumni, Prateek Jain, Shashank Gupta and Kavish Desai. In less than one year of its operations, it does hundreds of orders per day at an average value of 1400/- per transaction. The 100-member team of StayGlad including its founders and stylists will now be a part of AtHomeDiva.

StayGlad is the third in a series of beauty-services startups acquired by QuikrServices. Prior acquisitions include Salosa and ZapLuk that have helped expand AtHomeDiva’s range of beauty services and its reach across cities. 

Quikr Acquires Stepni. Introduces Vehicle Maintenance Services

Quikr has acquired Stepni, a platform that connects vehicle owners with service providers nearest to them.

The strategic move strengthens the company’s service offerings under QuikrCars, its vertical that focuses on all types of automobiles including cars, bikes and commercial vehicles. It also opens cross-selling opportunities for QuikrServices, the company’s vertical that provides a range of services to consumers.

Founded by Vinay Singh & Nikhil Nair in October 2015, Stepni claims to have over 125 service centers across Bangalore. Stepni’s founders and team will join QuikrCars with immediate effect.

QuikrCars has over 1.5MM vehicles listed on its platform across India.

Voonik acquires Dekkoh, a styling and personalisation app

Voonik has announced the acquisition of Dekkoh. 

Dekkoh was founded by Aditya Chalsani and Varun Mathew, as a fashion discovery platform that allows users to chat one-on-one with their own personal stylist and buy clothing and accessories that suit them. It connects stylist community of more than 200 stylists to consumers seeking fashion advice and also have a rule based chat bot technology.

Over the last few months, the company has acqui-hired Zohraa, Picksilk, Styl, TrialKart and Getsy.

Voonik CEO and Co-Founder Sujayath Ali said, “Voonik is built around personalised fashion, to provide every customer a solution and opportunity to be fashionable every day. Personalisation is what has set us miles ahead of competition. Dekkoh platform is doing the same through an engaged community of stylists and a highly data driven profiling and chatbots. We will use their expertise in further strengthening our personalization engine. There is a great synergy between the Voonik and Dekkoh platforms and we are happy to onboard a talented team.”  

Nutanix Acquires Enterprise Startup For $8.3mn

Nutanix has acquired,Bangalore based startup focused on DevOps automation for $8.3mn, out of which the cash component was $1.2mn.


The and Nutanix teams will work to bring an application-first approach to choosing, managing and consuming IT infrastructure – enabling customers to pick the right cloud for each application.

Nutanix plans to add cloud automation and management capabilities to its existing software stack to deliver application and service orchestration, runtime lifecycle management, policy-based governance, comprehensive reporting and auditing services to support all application environments, including virtual machines, containers and microservices.

Together, and Nutanix plan to bring together clouds, platforms and people, on an elegantly simple pane-of-glass.

“We have shared a similar vision as Nutanix since day one – datacenter infrastructure must be fully automated, simple to deploy and easy-to-use,” said Aaditya Sood, CEO and founder, “We are excited to join the Nutanix team to work together to eliminate the daunting complexity of legacy datacenters by taking a radical, application-centric view of IT infrastructure.” had earlier raised $6mn led by Sequoia Capital.

Watch Calm founder, Aditya Sood sharing the startup journey @UnPluggd, India’s biggest startup and tech conference.

Nutanix which delayed its IPO has also acquired another company, PernixData.

Quikr Acquires Zapluk To Scale Its AtHomeDiva Beauty Services

Quikr has acquired ZapLuk, a provider of on-demand beauty & wellness services, in a strategic move to scale its growing beauty services brand AtHomeDiva.

Under its services vertical, QuikrServices, Quikr will now offer a full range of on-demand home beauty services to consumers in multiple cities including Bangalore, Delhi, Mumbai, Chennai, Gurgaon and Hyderabad.

This is Quikr’s second acquisition in the beauty services segment following Salosa to cater to the fast growth of beauty services requests on QuikrServices.

With the acquisition, ZapLuk’s co-founder Lavanya Hariharan and a team of close to 50 stylists and professionals will now be a part of AtHomeDiva. The other co-founders of ZapLuk, Manan Maheshwari, Mahesh Gogineni and CTO Varun MS will be pursuing other business interests.

AtHomeDivaoffers a full range of in-home beauty and styling services including hair, skin, make-up services and special packages. The services are fulfilled by qualified beauty professionals that have undergone both quality and background checks. On-demand beauty is just one of the 80+ types of services provided by QuikrServices that caters to 100,000+consumers across India every day.

FullContact Acquires Indian Startup, Vibe

Kerala based Vibe/Profoundis has been acquired by US startup Fullcontact.

FullContact is one of the fastest-emerging players in contact management and data space in the world. Having been partners for some time, we found that the core culture of both the companies were aligned closely.

Vibe : Series Of Experiments

Arjun, Cofounder of Vibe shares the experiments that the startup went through.

“We were 4 friends who founded Profoundis in 2012. After bootstrapping for 3 years, and 3 failed product attempts, we launched Vibe in 2014 and raised our first round investment in mid-2015. Since inception, Vibe showed all the right signals for success. We pursued with all our heart, along with our incredibly committed team. At this time, Vibe has reached more than 100,000 users and 200 companies across 120 countries.”

Combined with the immense potential that a synergy could bring about, we felt that an acquisition was the right step forward. Becoming part of the FullContact team allows us to further execute on our mission globally, and together, our users will benefit by having more detailed information about their contacts, allowing them to be even more awesome with people. Together, Profoundis and FullContact will continuously strive to provide the most comprehensive people and company data in the world. [Arjun, Profoundis cofounder]

EdCast Acquires Sales Training App WAGmob

WAGmob, a sales training app has been acquired by EdCast. The amount of the deal has not been disclosed.

It is a Microsoft Venture’s alumni who has their India operations out of Indore. WAGmob is used by over 100,000 sales people and fortune 500 companies.

Kalpit Jain, Co-founder & CEO of Sales-University, said, “EdCast is leading the new category of Knowledge Network for enterprises across industry verticals and job functions.  We are thrilled to be part of this fast growing market leader in an exciting space that can help the digital transformation of enterprises worldwide. Microsoft Ventures have been an invaluable partner in scaling our growth through its Azure’s clod and partner ecosystem. We scaled flawlessly and delivered training to hundreds of thousands of sellers via the Azure cloud.”

Creator of the app, Sales-University, based in Seattle was founded in 2011 by former Microsoft engineers and funded by prominent angel investors and grew out of Microsoft Venture’s in 2015.