Editorji is a popular short video news and information platform based in India. It was founded in 2018 by Vikram Chandra, one of India’s leading journalists, and has risen to prominence in the digital news space in a relatively short span of time. The platform is primarily designed for mobile devices, with applications available for Android and iOS.

ABOUT US:

about us editorji

Latest Video News: Editorji provides the latest news video headlines, latest videos clip from India and the World. Get all breaking news videos on Entertainment, Business, Coronavirus, Elections, Politics and more.

Latest Video News, Breaking News, Bollywood, Political, Sports, Business News | Editorji

+91 11 4035 6666 / info@editorji.com
3rd floor, Plot B, Khasara no 360, Sultanpur, New Delhi, Delhi 110030
<a title="mail to us" href="mailto:info@editorji.com">Send Feedback</a>
<a title="Contact Us" href="mailto:info@editorji.com">Contact Us</a>

REACH US

Contact for any questions, suggestions, comments, feedback or advertisement on Editorji.com, we are always looking forward to hearing from you.

Contact Us for Feedback, Suggestions and Advertising 

Editorji content is better experienced in our app.

After acquiring Sharekhan in 2015 and completing the deal in January 2018, BNP Paribas garnered foreign investments of over ₹2,000 crore, aligning with its retail business departure plan in India.

Mirae Asset Financial acquires Sharekhan, BNP Paribas' Indian brokerage division for ₹3,000 crore

After acquiring Sharekhan in 2015 and completing the deal in January 2018, BNP Paribas garnered foreign investments of over ₹2,000 crore, aligning with its retail business departure plan in India.

BNP Paribas, a prominent European banking entity, has finalized the sale of its Indian retail broking arm, Sharekhan, to Mirae Asset Financial Group from South Korea for a staggering ₹3,000 crore.
Sharekhan, a trailblazer in India's online broking domain, has cemented its status as one of the country's top 10 retail brokerage firms. The acquisition by Mirae Asset reflects the ongoing strategic maneuvers within the financial sector and the evolving landscape of retail broking services, reported Economic Times.
This divestment is part of BNP Paribas' larger strategy to steer away from retail business operations in India. The banking giant had initially acquired Sharekhan in 2015, finalizing the deal in January 2018, which attracted foreign investments totaling slightly over ₹2,000 crore. This move strategically positioned BNP Paribas within India's brokerage and financial services market.
BNP Paribas has been tactically redefining its focus by divesting from non-banking businesses. The decision to offload Sharekhan resonates with this strategic direction, emphasizing a concerted effort to concentrate primarily on its banking operations. This recent divestiture follows earlier exits from mutual fund and wealth management businesses, indicating a deliberate reorganization of resources and operations, reported Money Control.
Prior to acquiring Sharekhan, BNP Paribas had secured a 34% stake in Geojit Securities, based in Kochi, in 2007. In a subsequent transaction in 2018, BNP Paribas divested its 33% stake in Geojit Securities to Sharekhan.
Founded by Shripal Morakhia in 2000, Sharekhan has undergone multiple transitions in ownership over the years. In the fiscal year ending March 2023, despite boasting 6.3 lakh active clients, the brokerage firm reported a net profit of approximately ₹170.9 crore, marking a 25% decline compared to the previous fiscal year (FY22) when it recorded a net profit of ₹225.3 crore. Also Watch: <a href="https://www.editorji.com/business-news/hasbro-lays-off-900-more-employees-amid-declining-toy-sales-1702351858813">Hasbro lays off 900 more employees amid declining toy sales</a>

A spicy acquisition is cooking! As per reports, FMCG giant HUL is looking to acquire MDH brand of masalas. India’s largest packaged consumer goods company is reportedly valuing the spicemaker close to Rs 15,000 cr. Mahashian Di Hatti Private Limited or MDH as it is popularly known is India's leading spice manufacturer. MDH Spices sells over 60 products in India and deals with at least 1,000 wholesalers and hundreds of thousands of retailers. Its website claims the company can produce 30 tonnes of spices a day.

Adding spice, HUL likely to acquire MDH brand of masalas

Mahashian Di Hatti Private Limited or MDH as it is popularly known is India's leading spice manufacturer. MDH Spices sells over 60 products in India and deals with at least 1,000 wholesalers and hundreds of thousands of retailers. Its website claims the company can produce 30 tonnes of spices a day.



MDH&nbsp;stands for&nbsp;Mahashian Di Hatti is one of India's oldest FMCG&nbsp;company

A spicy acquisition is cooking! As per reports, FMCG&nbsp;giant HUL&nbsp;is looking to acquire MDH&nbsp;brand of masalas.&nbsp;India&rsquo;s largest packaged consumer goods company is reportedly valuing the spicemaker&nbsp;close to Rs 15,000 cr.&nbsp;
Also watch &amp; read|&nbsp;<a title="Crypto SIP: The latest for the investment enthusiasts" href="https://www.editorji.com/business-news/markets/crypto-sip-the-latest-for-the-investment-enthusiasts-1647940763271">Crypto SIP: The latest for the investment enthusiasts</a> Mahashian Di Hatti Private Limited or MDH&nbsp;as it is popularly known is India's leading spice manufacturer.&nbsp;MDH Spices sells over 60 products in India and deals with at least 1,000 wholesalers and hundreds of thousands of retailers. Its website claims the company can produce 30 tonnes of spices a day.

Days after buying women underwear brands Zivame and Amante, Reliance Retail has now acquired of a majority 89 percent equity stake in the same segment, Clovia. 
According to reports, the transaction has an investment of INR 950 Cr from Reliance Retail and the rest 11% will retain by the founding team of the startup.
Clovia- third acquisition in the same segment
This is not the first time Reliance Retail has picked up an innerwear brand. Prior to this, the retail giant already has acquired Zivame and Amante under its innerwear segment. 
About Clovia 
Clovia, leading brand for women’s activewear, innerwear, loungewear, and personal care was launched in 2013 by the husband-wife duo of Neha Kant and Pankaj Vermani. The startup claims to offer more than 3,500 product styles. It also follows an outsourcing model for its production. 
Innerwear market in India 
The growing number of working women, changing fashion trends, increased awareness about better fits, rising disposable income and level of information have given the women the innerwear industry a new dimension.
A report by consulting firm, RedSeer shows the female innerwear market in India will nearly double to $11-12 billion by 2025 as people become aware of better brands. 
 

Reliance Retail goes shopping at Clovia after Zivame, Amante

Reliance Retail on acquisition spree, buys major stake in Clovia for $125 million

Here's all you need to know about India's innerwear industry

Purple Panda Fashions Pvt Ltd&nbsp;
Clovia for $125 million
&nbsp;
&nbsp;

Report:&nbsp;the female innerwear market in India will nearly double to $11-12 billion by 2025 as people become aware of better brands.&nbsp;

Weeks after buying&nbsp;women underwear brands Zivame&nbsp;and&nbsp;Amante, Reliance Retail has now&nbsp;acquired&nbsp;of a majority&nbsp;89 percent equity stake&nbsp;in the same segment, Clovia.&nbsp;
According to reports, the transaction has an investment of INR 950 Cr from Reliance Retail and&nbsp;the rest 11% will retain by the&nbsp;founding team of the&nbsp;startup.
Clovia-&nbsp;third acquisition in the same segment
This is not the first time Reliance Retail has picked up an innerwear brand. Prior to this, the retail giant already has acquired Zivame and Amante&nbsp;under its innerwear segment.&nbsp;
About Clovia&nbsp;
Clovia, leading brand for women&rsquo;s activewear, innerwear, loungewear, and personal care was&nbsp;launched in 2013&nbsp;by the husband-wife duo of Neha Kant and Pankaj Vermani.&nbsp;The startup claims to offer more than 3,500 product styles. It also follows an outsourcing model for its production.&nbsp;
Innerwear&nbsp;market in India&nbsp;
The growing number of working women, changing fashion trends, increased awareness about better fits, rising disposable income and level of information have given the women the innerwear industry a new dimension.
A report by consulting firm,&nbsp;RedSeer&nbsp;shows&nbsp;the female innerwear market in India will nearly double to $11-12 billion by 2025 as people become aware of better brands.&nbsp;
&nbsp;

To remain in the battle of quick commerce delivery space, Online food delivery firm Zomato has entered into an all-stock merger deal with Blinkit. 
According to reports, Zomato is set to take control of Blinkit after the food aggregator extended a $150 million emergency loan facility to the quick commerce startup.
Zomato already owns a 10 percent stake in Blinkit, since August 2021, and will be filling for Competition Commission of India very soon.
Rescuing Blinkit? 
Quick commerce delivery firm Blinkit, formally known as grofers is learnt to have shuttered 50 of its dark stores across the country, resulting in hundreds from its workforce, including dark store managers, pickers and delivery workers losing their jobs. This comes as the company looks for measures to reduce its burn rate amid a cash crunch.
Quick commerce Industry
Quick commerce is the business of delivering essentials in a time frame of 10 to 20 minutes. Significant money is being poured in companies like Zepto, Swiggy Instamart, Blinkit, and lately Dunzo. Investors in these startups are betting heavily on this space because they think it’s going to be the next big thing.

Why Zomato wants Blinkit?

Zomato to acquire Blinkit? 

Here's you all need to know:

As the trend toward speedy, last-minute delivery has grown exponentially worldwide in the past years, Zomato&nbsp;has also entered in the market with the all-stock merger deal with Blinkit.&nbsp;&nbsp;
According to the report by&nbsp;Redseer,&nbsp;the quick commerce sector in India currently with a market size of $700 million is likely to grow 15x to reach $5.5 billion market value by 2025.
The quick commerce, or the business of delivering essentials in time frames of 10 to 20 minutes, has set the start-up world abuzz but how&nbsp;is this&nbsp;changing the&nbsp;consumers&rsquo; purchasing behaviour and preference?
Zomato Rescuing Blinkit?&nbsp;
India online food delivery platform Zomato&nbsp;is all set to take over instant delivery firm Blinkit&nbsp;in an all-stock deal.
Quick commerce delivery firm Blinkit, formally&nbsp;known as grofers&nbsp;is learnt to have shuttered 50 of its dark stores across the country, resulting in hundreds from its workforce, including dark store managers, pickers and delivery workers losing their jobs. This comes as the company looks for measures to reduce its burn rate amid a cash crunch.
Boom or bubble?
Over a few months now, there has been quite a disruption in the grocery delivery space with a new entrant Zepto, which operates a 10-minute grocery delivery service; Grofers rebranded as Blinkit and promising a 10-minute delivery; and Swiggy investing $700 million in its express grocery delivery service Instamart.&nbsp;
The concept is rapidly coming of age but it's unclear still whether it's a boom or bubble

The food-tech firm had also invested $100 million in Blinkit for a 10 per cent equity in July last year.
&nbsp;

As instant&nbsp;delivery&nbsp;gets quick traction worldwide, India's food delivery giant&nbsp;Zomato&nbsp;is also looking to take over&nbsp;Blinkit, earlier known as Grofers.&nbsp;
According to a report by&nbsp;Redseer,&nbsp;the quick commerce sector in India, currently with a market size of $700 million, is likely to grow 15 times in just three years to reach $5.5 billion market value.
Quick commerce, or the business of delivering essentials in time frames of 10 to 20 minutes, has set the start-up world abuzz but how&nbsp;is this&nbsp;changing the&nbsp;consumers&rsquo; purchasing behaviour and preference?
Boom or bubble?
Over a few months now, there has been quite a disruption in the grocery delivery space with a new entrant Zepto, which operates a 10-minute grocery delivery service; Grofers rebranded as Blinkit and promising a 10-minute delivery; and Swiggy investing $700 million in its express grocery delivery service Instamart.&nbsp;
The concept is rapidly coming of age but it's unclear still whether it's a boom or bubble.
Zomato's&nbsp;takeover of Blinkit&nbsp;an investment or just rescue?
Quick commerce delivery firm Blinkit, formally&nbsp;known as grofers&nbsp;is learnt to have shuttered 50 of its dark stores across the country, resulting in hundreds from its workforce, including dark store managers, pickers and delivery workers losing their jobs. This comes as the company looks for measures to reduce its burn rate amid a cash crunch.

Indian watches and accessories maker tycoon, Titan is in advanced talks to buy a majority stake in homegrown wearables maker Noise. 
According to reports, Tata group-controlled company is getting ready to fashion another spell of explosive growth and aims to strengthen its presence in the booming wearables market. 
Boom of smart wearable
Affordable prices, capabilities such as fitness tracking and access to phone notifications have made wearable devices, such as smartwatches, extremely popular among youth.
Smartwatches and wristband shipments in India grew more than 2.4 times in 2021, with smartwatches accounting for the lion’s share of these shipments, according to market researcher IDC India. The smartwatches segment was led by Noise, which saw a five-fold jump in shipments last year, with a 27% market share.

Titan to enter smart wearables market, plans to buy domestic tech-lifestyle brand Noise

Started in 2014 by two brothers Amit Khatri and Gaurav Khatri, Noise has become the frontleader in the smart  wearable device market along with brand BoAT. 

Titan makes 'Noise' on deal street

The latest buzz on deal street is the possible acquisition of&nbsp;homegrown wearables maker Noise by the Tata Group under it's flagship firm Titan.Reports indicate the deal is likely to value the Gurugram&nbsp;based firm at Rs 700 cr.
Started in 2014 by two brothers Amit Khatri and Gaurav Khatri, Noise has become the frontleader in the&nbsp;smart&nbsp;&nbsp;wearable device market along with brand BoAT.&nbsp; Noise began as a seller of smartphone cases but later diversified into smart wearable devices, action cameras, portable speakers, Bluetooth headphones and wireless chargers.

The transaction is likely to value Noise, run by Gurugram-based Nexxbase Marketing Pvt. Ltd, at about&nbsp;₹700 crore-&nbsp;₹800 crore.&nbsp;

Indian watches and accessories maker tycoon,&nbsp;Titan&nbsp;is in advanced talks to buy a majority stake in homegrown wearables maker Noise.&nbsp;
According to reports,&nbsp;Tata group-controlled company is getting ready to fashion another spell of explosive growth and aims to strengthen its presence in the booming wearables market.&nbsp;
Boom of smart wearable
Affordable prices, capabilities such as fitness tracking and access to phone notifications have made wearable devices, such as smartwatches, extremely popular among youth.
Smartwatches and wristband shipments in India grew more than 2.4 times in 2021, with smartwatches accounting for the lion&rsquo;s share of these shipments, according to market researcher IDC India. The smartwatches segment was led by Noise, which saw a five-fold jump in shipments last year, with a 27% market share.

Microsoft said it’s buying video game publisher Activision Blizzard for almost $69 billion, a price that makes it the richest U.S. tech deal in history. “Gaming has been key to Microsoft since our earliest days as a company,” Nadella said in a note to employees. “Today, it’s the largest and fastest-growing form of entertainment, and as the digital and physical worlds come together, it will play a critical role in the development of metaverse platforms.” Activision, which has a long history with Microsoft’s Xbox, will also help the software giant better compete with rival Sony Corp.’s PlayStation. Most of Activision’s games are designed to run on Xbox consoles most popular being Call of Duty. 55% of Activision’s operating profit came from the game Call of Duty. Founded in 1979, Activision is home to some of the most popular game franchises in the world, including Candy Crush and Guitar Hero. 

Microsoft makes record deal, spends $69 billion to boost the Xbox

“Gaming has been key to Microsoft since our earliest days as a company,” Nadella said in a note to employees. “Today, it’s the largest and fastest-growing form of entertainment, and as the digital and physical worlds come together, it will play a critical role in the development of metaverse platforms.” 

Microsoft's 'Call of Duty' to gaming, spends $69 billion for buy

Microsoft&rsquo;s agreement to pay almost $69 billion for Activision Blizzard would make it the&nbsp;highest price ever paid by a US tech company in an acquisition

Microsoft said it&rsquo;s buying video game publisher&nbsp;Activision Blizzard&nbsp;for almost $69 billion, a price that makes it the richest U.S. tech deal in history.&nbsp; &ldquo;Gaming has been key to Microsoft since our earliest days as a company,&rdquo; Nadella said in a note to employees. &ldquo;Today, it&rsquo;s the largest and fastest-growing form of entertainment, and as the digital and physical worlds come together, it will play a critical role in the development of metaverse platforms.&rdquo;&nbsp; Activision, which has a long history with Microsoft&rsquo;s Xbox, will also help the software giant better compete with rival&nbsp;Sony Corp.&rsquo;s PlayStation.&nbsp;Most of Activision&rsquo;s games are designed to run on Xbox consoles most popular being Call of Duty. 55% of&nbsp;Activision&rsquo;s operating profit came from the game Call of Duty.&nbsp; Founded in 1979, Activision is home to some of the most popular game franchises in the world, including Candy Crush and Guitar Hero.&nbsp;

Mukesh&nbsp;Ambani&nbsp;backed Reliance seems to be setting its eyes on investing in mobile content app Glance InMobi as per reports. Bloomberg&nbsp;reports Reliance may invest upto&nbsp;$300 million for a stake in the company.&nbsp;Who is&nbsp;Glance InMobi?
Glance InMobi pushes curated news and entertainment content onto phone lock screens and also runs a short-video app. The platform leverages&nbsp;AI to personalise content&nbsp;in several Indian languages on the lock screen of Android smartphones. The startup&nbsp;turned unicorn in December 2020 when it got funding of $145 million&nbsp;from Google and existing investor Mithril Capital.What would Reliance gain?Glance claims to have more than&nbsp;115 million daily active users&nbsp;who spend an average of&nbsp;25 minutes&nbsp;on the platform per day. The reported deal would give Reliance access to valuable lock-screen real estate on the affordable mobile phones especially valuable ahead of the JioNext&nbsp;launch in collaboration with Google this festive season.&nbsp;

Reliance sets sights on buying stake in Glance InMobi: Reports

Locked Screen real estate at play as Reliance sets sights on buying stake in Glance InMobi

Reliance sets sights on buying Glance InMobi: Reports

The platform leverages AI to personalise content in several Indian languages on the lock screen of Android smartphones

Mukesh&nbsp;Ambani&nbsp;backed Reliance seems to be setting its eyes on investing in mobile content app Glance InMobi as per reports. Bloomberg&nbsp;reports Reliance may invest upto&nbsp;$300 million for a stake in the company.&nbsp; Who is&nbsp;Glance InMobi?
Glance InMobi pushes curated news and entertainment content onto phone lock screens and also runs a short-video app. The platform leverages&nbsp;AI to personalise content&nbsp;in several Indian languages on the lock screen of Android smartphones. The startup&nbsp;turned unicorn in December 2020 when it got funding of $145 million&nbsp;from Google and existing investor Mithril Capital. What would Reliance gain? Glance claims to have more than&nbsp;115 million daily active users&nbsp;who spend an average of&nbsp;25 minutes&nbsp;on the platform per day. The reported deal would give Reliance access to valuable lock-screen real estate on the affordable mobile phones especially valuable ahead of the JioNext&nbsp;launch in collaboration with Google this festive season.&nbsp;

In the biggest fintech deal India has ever seen global payment merchant PayU will acquire Indian payments gateway firm BillDesk for $4.7 billion. This is the biggest eve

Startup Digest: Mega Fintech deal; PayU acquires BillDesk for $4.7 billion

In the biggest ever exit-sale by an Indian startup, Mumbao based payment aggregrator&nbsp;BillDesk&nbsp;has been acquired by PayU&nbsp;for $4.7 billion

Startup Digest: Mega Fintech deal

This is the biggest ever exit-sale by an Indian startup, topping the&nbsp;billion dollar&nbsp;sale of Aakash Institute to Byju&rsquo;s.

In the biggest fintech deal India has ever seen global payment merchant PayU will acquire Indian payments gateway firm&nbsp;BillDesk&nbsp;for $4.7 billion.&nbsp;This is the biggest ever exit-sale by an Indian startup. Topping the&nbsp;billion dollar&nbsp;sale of Aakash Institute to Byju&rsquo;s. The sale also gave an exit to existing investors of the payment&nbsp;aggregrator&nbsp;which has marquee names such as&nbsp;Genreal&nbsp;Atlantic, Visa, Temasek.&nbsp;&nbsp; &nbsp; So,&nbsp;what does PayU get with&nbsp;BillDesk?&nbsp;&nbsp; Mumbai-based&nbsp;BillDesk&nbsp;is one of the biggest payment aggregator gateway platforms in India.&nbsp;&nbsp; Despite having first mover advantage with&nbsp;PayTm&nbsp;the fintech has been facing competition from&nbsp;&nbsp;Infibeam&nbsp;CCAvenues, PayU,&nbsp;Razorpay, etc.&nbsp;Prosus-backed fintech firm&nbsp;PayU&nbsp;already operates in more than 20 markets. This acquisition gives them a strong foothold into India where fintech is booming. According to the FY21 annual report of the Reserve Bank of India (RBI), the number of transactions for digital retail payments has grown by more than 80% from 24 billion in 2018-19 to 44 billion to 2020-21.&nbsp;

India's richest man Mukesh&nbsp;Ambani wants a bite out of the world's largest singlebrand&nbsp;restaurant chain, Subway Inc. As per reports Reliance is looking to acquire the Indian Franchise of Subway for close to $250 million.&nbsp;ET reports quoting undisclosed sources that Reliance is in conversation with PE investors to take over the 600+ Subway stores across India and is willing to pay nearly Rs 1500 cr for it.&nbsp;
Ambani&nbsp;will face off market leader Domino's&nbsp;in the&nbsp;quick service restaurant (QSR) segment who maintains the giant lead of 21% market share followed by 11% held by McDonald's in India.&nbsp;

Mukesh Ambani wants a Subway bite! Reliance Retail looking to acquire Indian franchise

Mukesh Ambani wants a Subway bite! Reliance Retail looking to acquire Indian franchise. Set to face-off with Domino's and McDonalds.&nbsp;

Mukesh Ambani has a personalised Subway order ready. 

Reports indicate that Reliance in talks to acquire&nbsp;&nbsp;US-headquartered sandwich maker's Indian franchise.

India's richest man Mukesh&nbsp;Ambani wants a bite out of the world's largest singlebrand&nbsp;restaurant chain, Subway Inc. As per reports Reliance is looking to acquire the Indian Franchise of Subway for close to $250 million.&nbsp; ET reports quoting undisclosed sources that Reliance is in conversation with PE investors to take over the 600+ Subway stores across India and is willing to pay nearly Rs 1500 cr for it.&nbsp;
Ambani&nbsp;will face off market leader Domino's&nbsp;in the&nbsp;quick service restaurant (QSR) segment who maintains the giant lead of 21% market share followed by 11% held by McDonald's in India.&nbsp;

Days after buying&nbsp;US-based reading platform-&nbsp;Epic,&nbsp;Edtech giant Byju&rsquo;s has now completed the acquisition of two edtech start-ups Toppr and Great Learning.
With this, Byju&rsquo;s has acquired six startups in 2021, across India and the US.
According to the reports,&nbsp;Byju's allotted preference shares worth over Rs 730 crore to existing shareholders of Great Learning, while it allotted shares worth over Rs 425 crore to shareholders of Toppr.
Seven-year-old, Great Learning offers various programmes in data science, artificial intelligence, machine learning, cloud computing, among others.&nbsp;Toppr offers online courses for kindergarten to 12 (K-12) students.
Byju's has been on an acquisition spree for some time now. It has acquired Aakash Educational Services, WhiteHat Jr and Osmo. Last week, the company announced acquisition of California-based reading platform Epic for $500 million to expand its footprints across the US market.

Unstoppable Byju’s; India's most valuable startup acquires Toppr and Great Learning 

India's most valuable startup&nbsp;Byju's&nbsp;is unstoppable! Acquires&nbsp;Toppr and Great Learning, why is the edtech giant lapping up companies?

New students in classroom: Byju’s acquires Toppr and Great Learning

<ul>
<li>Bangalore-based edtech, Byju's&nbsp;buys&nbsp;Toppr,&nbsp;Great Learning</li>
<li>Byju&rsquo;s&nbsp;acquired six startups in 2021, across India, US</li>
<li>Edtech to spend ₹730 cr to buy&nbsp;Great Learning,&nbsp;₹425 cr&nbsp;for Toppr</li>
<li>Toppr offers online courses for kindergarten to 12 students</li>
</ul>

With this, Byju&rsquo;s has acquired six startups in 2021, across India and the US.

Days after buying&nbsp;US-based reading platform-&nbsp;Epic,&nbsp;Edtech giant Byju&rsquo;s has now completed the acquisition of two edtech start-ups Toppr and Great Learning.
With this, Byju&rsquo;s has acquired six startups in 2021, across India and the US.
According to the reports,&nbsp;Byju's allotted preference shares worth over Rs 730 crore to existing shareholders of Great Learning, while it allotted shares worth over Rs 425 crore to shareholders of Toppr.
Seven-year-old, Great Learning offers various programmes in data science, artificial intelligence, machine learning, cloud computing, among others.&nbsp;Toppr offers online courses for kindergarten to 12 (K-12) students.
Byju's has been on an acquisition spree for some time now. It has acquired Aakash Educational Services, WhiteHat Jr and Osmo. Last week, the company announced acquisition of California-based reading platform Epic for $500 million to expand its footprints across the US market. Read/Watch Also: <a href="https://www.edtr.ai/9yy0">China plays spoilsport for edtech</a>

India's most valued startup&nbsp;Byju's is on a shopping spree and has added US based digital reading platform Epic to it's portfolio for a half a billion dollars.&nbsp; This is the second and the largest U.S. based buy by the edtech giant Byju's.&nbsp;Seven-year-old Epic is like the Netflix for books with a collection of more than 40,000 popular books from hundreds of notable publishers. The platform&nbsp;has a user base of two million teachers and 50 million kids registered.Watch Also: Ronnie Screwvala Exclusive on why Upgrad won't go the K-12 route&nbsp;Byju's&nbsp;shopping cart over the last two years has been overflowing with acquisitions like Aakash Institute,&nbsp;WhitehatJr, LabinApp, Scholr, Hashlearn. The startup&nbsp;stir seems to suggest Toppr, Gradeup&nbsp;and Great Learning could be next on the buy list.&nbsp;&nbsp;Large acquisitions have become the bedrock of Byju&rsquo;s, which was valued at $16.5 billion last month, raising $350 million from UBS, private equity giant Blackstone and others. The deal made Byju&rsquo;s India&rsquo;s most valuable internet firm ahead of fintech company Paytm.

Byju's buys U.S. based digital reading startup Epic for $500 million

Byju's&nbsp;spends another half a billion dollars as it acquires US based reading platform Epic. What's next on the buyout syllabus for India's most valuable startup.&nbsp;

Byju's Big Buy

The latest acquisition by&nbsp;Byju'scomes on the heels of the edtech major buying Aakash&nbsp;Institute for nearly $1 billion earlier this year.

India's most valued startup&nbsp;Byju's is on a shopping spree and has added US based digital reading platform Epic to its portfolio for a half a billion dollars.&nbsp; This is the second and the largest U.S. based buy by the edtech giant Byju's.&nbsp; Seven-year-old Epic is like the Netflix for books with a collection of more than 40,000 popular books from hundreds of notable publishers. The platform&nbsp;has a user base of two million teachers and 50 million kids registered. Watch Also: <a href="https://www.edtr.ai/9qtq">Ronnie Screwvala Exclusive on why Upgrad won't go the K-12 route&nbsp;</a> Byju's&nbsp;shopping cart over the last two years has been overflowing with acquisitions like Aakash Institute,&nbsp;WhitehatJr, LabinApp, Scholr, Hashlearn. The startup&nbsp;stir seems to suggest Toppr, Gradeup&nbsp;and Great Learning could be next on the buy list.&nbsp;&nbsp; Large acquisitions have become the bedrock of Byju&rsquo;s, which was valued at $16.5 billion last month, raising $350 million from UBS, private equity giant Blackstone and others. The deal made Byju&rsquo;s India&rsquo;s most valuable internet firm ahead of fintech company Paytm.

On Biz Buzz, edTech&nbsp;pioneer Ronnie Screwvala on Edtech and the acquisition plans, and the scope of edtech listings

On Biz Buzz | Ronnie Screwvala Exclusive on upGrad and edtech listing plans

<div>On Biz Buzz, edTech&nbsp;pioneer Ronnie Screwvala on Edtech and the acquisition plans, and the scope of edtech listings</div>

On Biz Buzz, edTech&nbsp;pioneer Ronnie Screwvala on Edtech and the acquisition plans, and the scope of edtech listings

As SEBI&nbsp;asks for an Independent valuation of the Rs 4000 cr PNB&nbsp;Housing-Carlye&nbsp;deal putting the deal on hold. Veteran investor Samir&nbsp;Arora&nbsp;backs the shareholder rights and calls out the concerns in corporate governance in the mega deal.&nbsp;Samir&nbsp;Arora&nbsp;tweeted saying "&nbsp;Control transaction at a discount to market price where the acquirer pays 75% of the amount after 18 months - now that is a deal and shows how PE investors help worsen corporate governance if no oversight." He goes on to make the case for the share valuation to be assessed as Arora&nbsp;says "&nbsp;"A preferential issue of shares and warrants" and a "preferential issue of shares and warrants that also gives controlling interest" are not one and the same thing."PNB&nbsp;Housing-Carlye&nbsp;deal is set to offer shares to&nbsp; the 'acquirer' Carlyle for Rs 390/share vs the current market-price of over Rs 700/share or the share price of Rs 500/share at the time the deal was announced.&nbsp;

Samir Arora speaks out on the PNB Housing-Carlyle deal, sides with SEBI & shareholders

Samir&nbsp;Arora&nbsp;backs a deeper look into the Carlyle-PNB&nbsp;housing deal that is raising questions on corporate governance.&nbsp;

As SEBI&nbsp;asks for an Independent valuation of the Rs 4000 cr PNB&nbsp;Housing-Carlye&nbsp;deal putting the deal on hold. Veteran investor Samir&nbsp;Arora&nbsp;backs the shareholder rights and calls out the concerns in corporate governance in the mega deal.&nbsp; Samir&nbsp;Arora&nbsp;tweeted saying "&nbsp;Control transaction at a discount to market price where the acquirer pays 75% of the amount after 18 months - now that is a deal and shows how PE investors help worsen corporate governance if no oversight." He goes on to make the case for the share valuation to be assessed as Arora&nbsp;says "&nbsp;"A preferential issue of shares and warrants" and a "preferential issue of shares and warrants that also gives controlling interest" are not one and the same thing." PNB&nbsp;Housing-Carlye&nbsp;deal is set to offer shares to&nbsp; the 'acquirer' Carlyle for Rs 390/share vs the current market-price of over Rs 700/share or the share price of Rs 500/share at the time the deal was announced.&nbsp;

After warming up with BigBasket&nbsp;Tata&nbsp;Group seemed to be bulking up their startup&nbsp;purchases now eyeing health and fitness startup&nbsp;Curefit.ET reports as per sources Tata&nbsp;Group is in talks with Myntra&nbsp;co-founder and owner of Curefit&nbsp;Mukesh&nbsp;Bansal to acquire the fitness startup. Bansal&nbsp;as per unnamed sources may also be offered a leadership position in&nbsp;Tata&rsquo;s digital business.
With backing from Temasek, Accel, Kalaari Capital&nbsp;Curefit, was recently rebranded to Cult.Fit was last valued at around $800 million.

Tata bulks up startup purchasing, looking to buy CultFit

Tata bulks up startup purchasing, looking to buy CultFit&nbsp;from Mukesh&nbsp;Bansal.&nbsp;

Rush for Startups

After warming up with BigBasket&nbsp;Tata&nbsp;Group seemed to be bulking up their startup&nbsp;purchases now eyeing health and fitness startup&nbsp;Curefit. ET reports as per sources Tata&nbsp;Group is in talks with Myntra&nbsp;co-founder and owner of Curefit&nbsp;Mukesh&nbsp;Bansal to acquire the fitness startup. Bansal&nbsp;as per unnamed sources may also be offered a leadership position in&nbsp;Tata&rsquo;s digital business.
With backing from Temasek, Accel, Kalaari Capital&nbsp;Curefit, was recently rebranded to Cult.Fit was last valued at around $800 million.

E-Commerce major Flipkart&nbsp;has acquired Mumbai&nbsp;based booking platform Cleartrip&nbsp;for an undisclosed sum.&nbsp;Cleartrip buyout marks the fourth transaction sealed by the Walmart&nbsp;backed firm in one year.&nbsp;
Flipkart&nbsp;has said they will retain all employees of Cleartrip&nbsp;and continue to operate it as a different brand.
The acquisition moves Flipkart&nbsp;closer to the superapp&nbsp;strategy undertaken by the likes of Amazon and Paytm.&nbsp;

Flipkart acquires Cleartrip, Fourth deal for Walmart backed firm in one year

In a move closer to it's superapp&nbsp;strategy Walmart&nbsp;backed Flipkart&nbsp;has acquired Mumbai based booking platform Cleartrip, it's 4th stake buy in under a year.&nbsp;

Flipkart acquires Cleartrip 

<ul>
<li>Flipkart acquires booking platform Cleartrip</li>
<li>Flipkart&nbsp;to acquire 100% stake in Cleartrip</li>
<li>Flipkart&nbsp;to retain all employees and branding of Cleartrip</li>
<li>Cleartrip&nbsp;buyout marks the fourth deal by Flipkart&nbsp;in one year</li>
</ul>

E-Commerce major Flipkart&nbsp;has acquired Mumbai&nbsp;based booking platform Cleartrip&nbsp;for an undisclosed sum.&nbsp;Cleartrip buyout marks the fourth transaction sealed by the Walmart&nbsp;backed firm in one year.&nbsp;
Flipkart&nbsp;has said they will retain all employees of Cleartrip&nbsp;and continue to operate it as a different brand.
The acquisition moves Flipkart&nbsp;closer to the superapp&nbsp;strategy undertaken by the likes of Amazon and Paytm.&nbsp;

Bloomberg reports that social media giant Twitter had held talks with Clubhouse which would have valued the&nbsp;drop-in audio networking platform at $4 billion.&nbsp;Though the talks seemed to have stalled reports also indicate that Clubhouse is looking to raise funds which would give it similar valuation.&nbsp;Clubhouse launched last year and popularized the idea of hosting live audio conversations. More than 10 million people have reportedly downloaded the app, which is currently invite-only and iOS-only

Twitter had talks with Clubhouse for $4 billion takeover: Reports

Reports indicate that social media giant Twitter had held talks with Clubhouse which would have valued the&nbsp;drop-in audio networking platform at $4 billion.&nbsp;

Bloomberg reports that social media giant Twitter had held talks with Clubhouse which would have valued the&nbsp;drop-in audio networking platform at $4 billion.&nbsp; Though the talks seemed to have stalled reports also indicate that Clubhouse is looking to raise funds which would give it similar valuation.&nbsp; Clubhouse launched last year and popularized the idea of hosting live audio conversations. More than 10 million people have reportedly downloaded the app, which is currently invite-only and iOS-only.

Microsoft is in discussions with Discord to buy the gaming-focused chat software for more than $10 billion as per Bloomberg.&nbsp;Discord was exploring a $10 billion-plus sale after multiple potential buyers expressed interest, and that it had signed an exclusive acquisition discussion with one party, suggesting a deal could be close.Discord with a 140 million monthly users, clocked in $130 million in revenue last year. Its last valuation was $7 billion after a funding round in December generated $100 million

Microsoft in talks with Discord over $10 billion-plus acquisition

Big global deal in the offing, as per reports Microsoft may be acquiring gaming chat software platform discord for over $10 billion.&nbsp;

Microsoft is in discussions with Discord to buy the gaming-focused chat software for more than $10 billion as per Bloomberg.&nbsp; Discord was exploring a $10 billion-plus sale after multiple potential buyers expressed interest, and that it had signed an exclusive acquisition discussion with one party, suggesting a deal could be close. Discord with a 140 million monthly users, clocked in $130 million in revenue last year. Its last valuation was $7 billion after a funding round in December generated $100 million.

Indian software giant, Wipro&nbsp;on Thursday said that it has signed an agreement to acquire Capco, a privately held British consultancy, for $1.45 billion.&nbsp;
The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close in the quarter ending June 30, 2021.
"This acquisition will make&nbsp;Wipro&nbsp;one of the largest end-to-end global consulting, technology and transformation service providers to the banking and financial services industry," the company said in an exchange filing.

Wipro acquires UK firm Capco for $1.45 bn

 $548 million  Read more at: https://www.bloombergquint.com/business/wipro-to-spend-1-45-billion-to-acquire-consultancy-firm-capco Copyright © BloombergQuint

Indian tech giant Wipro&nbsp;has acquired a British&nbsp;consultancy firm&nbsp;Capco&nbsp;for $1.45 bn.&nbsp;This is a cash transaction and is expected to be completed during the quarter ending June 30 this year.&nbsp;
Capco&nbsp;is a management and technology consultancy firm headquartered&nbsp;in London with a focus on BFSI&nbsp;clients.&nbsp;Capco has over 5,000 employees and is present in 30 locations. The firm reported revenue of $700 million in 2020.
This is Wipro's&nbsp;largest acquisition ever at $1.45 bn.

&nbsp;Walmart backed Flipkart may be looking at a one-way ticket to buying a controlling stake in&nbsp;Cleartrip&nbsp;sources have told moneycontrol.com.&nbsp;&nbsp;
Flipkart is looking at expanding its services and wants to leverage as a&nbsp;superapp&nbsp;as per reports.&nbsp;Cleartrip&nbsp;has seen pressure on&nbsp;it&rsquo;s&nbsp;books as airline travel continues to be under pressure due to the pandemic.&nbsp;&nbsp;&nbsp;Both Flipkart and&nbsp;Cleartrip&nbsp;have not denied/confirmed the talks.&nbsp;

Flipkart in talks to buy Cleartrip: Reports

&nbsp;Walmart backed Flipkart may be looking at a one-way ticket to buying a controlling stake in&nbsp;Cleartrip&nbsp;sources have told moneycontrol.com.&nbsp;&nbsp;
 Flipkart is looking at expanding its services and wants to leverage as a&nbsp;superapp&nbsp;as per reports.&nbsp;Cleartrip&nbsp;has seen pressure on&nbsp;it&rsquo;s&nbsp;books as airline travel continues to be under pressure due to the pandemic.&nbsp;&nbsp; &nbsp; Both Flipkart and&nbsp;Cleartrip&nbsp;have not denied/confirmed the talks.&nbsp;

&nbsp;Walmart backed Flipkart may be looking at a one-way ticket to buying a controlling stake in&nbsp;Cleartrip&nbsp;sources have told moneycontrol.com.&nbsp;&nbsp;
 Flipkart is looking at expanding its services and wants to leverage as a&nbsp;superapp&nbsp;as per reports.&nbsp;Cleartrip&nbsp;has seen pressure on&nbsp;it&rsquo;s&nbsp;books as airline travel continues to be under pressure due to the pandemic.&nbsp;&nbsp; &nbsp; Both Flipkart and&nbsp;Cleartrip&nbsp;have not denied/confirmed the talks.&nbsp;

Google has won approval from the EU to go ahead with it's $2.1 billion acquisition of Fitbit.

Google wins approval from EU to buy Fitbit for $2.1 billion

Google has won approval from the EU to go ahead with it's $2.1 billion acquisition of Fitbit, after it agreed to conditions that included not using health data collected from European users for advertising purposes. The EU competition chief said in a statement that the commitments ensure that the wearable market will remain open and competitive.

acquisition

Categories