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Stakeboat-backed DiFACTO, Blume-backed KiranaPro ink M&A deals
VCCircle
Ā·
2m ago
Medial
DiFACTO, a robotics and automation firm backed by Stakeboat Capital, acquired RoboFinish from Grind Master, enhancing its robotic manufacturing capabilities. This acquisition aligns with DiFACTO's focus on advanced robotic systems for various industries. Simultaneously, KiranaPro, a quick-commerce platform supported by Blume Ventures, acquired AR startup Likeo for $1 million in stock. This acquisition aims to integrate Likeoās immersive trial room experience into KiranaProās BLACK platform, targeting Gen Z consumers with enhanced retail experiences.
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Grapevine: Warburg Pincus, Shriram Housing Finance, KiranaPro, Blume Ventures in news
VCCircle
Ā·
9m ago
Medial
The Reserve Bank of India has instructed Warburg Pincus to reduce its stake in a portfolio company in preparation for the acquisition of Shriram Housing Finance. Meanwhile, Deepak Ravindran has secured commitments from venture capital firms Blume Founders Fund and Snow Leopard for his startup KiranaPro.
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Robotics startup DiFACTO raises $4.8 Mn
Entrackr
Ā·
1y ago
Medial
Robot automation solutions provider DiFACTO has raised Rs 40 crore (about $4.8 million) from private equity firm Stakeboat Capital in its first funding round. The proceeds will be used to expand across sectors such as cars, home appliances and electronics, the company said in a release. Founded in 2007 by Ajay Gopalswamy, Difacto operates across four key segmentsāwelding systems, material handling systems, foundry and machine tending systems, and fluid dispensing systems. The company claims to have delivered more than 1,000 projects to 300 customers across 15 countries. It has three factories in Bengaluru and branches in Pune and Gurugram while it also operates globally with a wholly-owned subsidiary in Troy, Michigan, USA. Its client base includes the likes of Mahindra Group, Tata Group, Maruti Suzuki and Toyota India . In FY24, the companyās revenue touched Rs 175 crore and it is expected to grow to Rs 225 crore in FY25. Indiaās automotive industry is expected to experience a CAGR of 12.7%, reaching $512 billion by 2026.
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Asia private equity transactions fall to lowest in a decade
VCCircle
Ā·
1y ago
Medial
Private equity-backed mergers and acquisitions (M&A) in Asia have had their worst start to the year in nearly a decade, as a slowdown in dealmaking in China and economic uncertainties affect sentiment. Preliminary data from LSEG has shown that PE-backed M&A in Asia amounted to $13.5bn in Q1 2024, a 32% decline from the corresponding period last year. Global PE-backed deals rose 21% to $136bn during the same period. PE firms in Asia are facing challenges from slowing economic growth, high interest rates, volatile markets and geopolitical tensions.
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Startup M&As Nosedive 45% YoY To 37 Deals In H1 2024
Inc42
Ā·
1y ago
Medial
The Indian startup ecosystem experienced a decline in M&A deals, with only 37 deals taking place in the first half of 2024 compared to 67 deals in the previous year. This is the lowest number of M&A deals since the first half of 2020. Nazara Technologies, a publicly traded gaming company, was the most active in terms of M&A activity in the startup ecosystem.
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Stakeboat-backed tech platform strikes first acquisition
VCCircle
Ā·
1y ago
Medial
A technology investment platform backed by Stakeboat Capital has made its first acquisition. The platform, created earlier this year through an investment in Bengaluru-based IT company SDCDC Software Pvt. Ltd, is focused on acquiring businesses in the engineering design and niche IT services sectors. This acquisition marks its first foray into this strategy.
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M&As In Indian Startup Ecosystem Nosedive To All-Time Low
Inc42
Ā·
7m ago
Medial
The Indian startup ecosystem experienced a significant decline in mergers and acquisitions (M&As) in 2024, with only 71 deals, the lowest in a decade. Despite a 20% increase in funding to $12 billion, M&A activity fell over 40% from previous years, primarily due to high valuations and founders' reluctance to accept lower offers. The e-commerce sector saw the steepest drop, while enterprise tech retained the most deals. Experts predict a potential resurgence in M&A activity by mid-2025 as new-age tech companies go public.
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Signs of life in the technology M&A market
TechCrunch
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1y ago
Medial
While overall startup M&A deal volume remains subdued, there are positive signs for founders. In Q2 2023, Europe outpaced the U.S. in tech acquisitions, with 812 compared to 632 in the U.S. However, the U.S. still leads in the number of deals worth over $100 million, accounting for 41% of all such deals in the quarter. Big Tech companies, except Apple, were less active in acquisitions during this period, impacting the industry's M&A landscape. Despite this, the data suggests a more promising outlook for future M&A activity.
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Deepak Ravindranās KiranaPro acquires Joper.app
Entrackr
Ā·
5m ago
Medial
Snippets Deepak Ravindranās KiranaPro acquires Joper.app Quick commerce platform KiranaPro has acquired Joper.app, a hyperlocal grocery delivery service that connects small Kirana stores with customers, for an undisclosed amount. Through this acquisition, KiranaPro will fully integrate Joper.appās operations, using its strengths in local vendor outreach and customer engagement. Joper.appās onboarded stores, vendors, and customers will shift to the unified ecosystem. KiranaPro will use Joperās vendor acquisition expertise to expand its market reach further and strengthen local store partnerships. Founded by Deepak Ravindran and Dipankar Sarkar, KiranaPro empowers local kirana stores and supermarkets with its technology. By enabling 10-minute deliveries and providing flexible revenue models, KiranaPro ensures kirana stores stay competitive in the retail landscape. Since its inception, the Joper.app claims to have expanded its operations in about 25 cities, including Ranchi, Thane, Kolkata, Jaipur, Mysuru, Noida, Vaishali, and others. It had onboarded multiple store owners and built a loyal customer base while operating on a rented platform. The combined strengths of AI-powered commerce and localized marketing will create new opportunities for Kirana store owners to scale their businesses more efficiently.
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PV Sindhu joins KiranaPro as investor and brand ambassador
Entrackr
Ā·
5m ago
Medial
Quick commerce platform KiranaPro has roped in PV Sindhu, Indiaās badminton player, as both an investor and brand ambassador. The company didnāt reveal the financial details of the deal but confirmed that Sindhuās investment is the first commitment in its seed funding round. PV Sindhuās role will extend beyond just being the face of KiranaPro. According to the company, she will actively contribute to the brandās vision of bridging the digital divide for small retailers. Her role as the brandās official ambassador during IPL 2025 will further amplify KiranaProās presence on a national scale. Founded by Deepak Ravindran and Dipankar Sarkar, KiranaPro empowers local Kirana stores and supermarkets with its technology. By enabling 10-minute deliveries and providing flexible revenue models, KiranaPro ensures Kirana stores stay competitive in the retail landscape. Recently, KiranaPro acquired Joper.app, a hyperlocal grocery delivery service that connects small Kirana stores with customers, for an undisclosed amount. After this partnership, PV Sindhu will feature in multiple digital and traditional media campaigns, and wear the logo of KiranaPro on her jersey.
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Ecommerce M&As Slipped 125% YoY In H1 2024
Inc42
Ā·
11m ago
Medial
In 2020, there were only nine ecommerce mergers and acquisitions (M&A) deals. However, this number skyrocketed to 54 in 2021. The trend continued in 2022 with 59 deals but dropped to 20 in 2023. This decline in M&A activity in the Indian startup space can be attributed to the decreasing funding trends. During times of high funding, many ecommerce companies adopted the Thrasio-style "house of brands" strategy to drive their growth.
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