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India Deals: Cognizant Acquires Sydney-Based Adaptra and 19 More Updates

Supply chain firm Bristlecone owned by the Mahindra Group is in advanced talks to acquire two firms as part of its growth strategy to reach $1 billion in valuation by 2020.


Here is a list of deals that happened in India Startup Ecosystem including funding, merger, acquisition, product launch & appointment etc.

1. Practo makes fifth acquisition. Bengaluru-based online healthcare platform Practo has acquired advanced analytics platform Enlightiks for an undisclosed amount. Read More

2. Global marketplace for business and industrial supplies, Moglix has launched its ‘GST technology‘ for the manufacturing sector. Read More

3. Singapore-based ecommerce enabler Shopmatic has reportedly acquired a majority stake in Taiwan-based technology consulting firm, 5X Ruby. Read More

4. Swedish game developer Starbreeze Studios has acquired 90.5% stake in Indian art production and game development company Dhruva Interactive for $8.5 million (nearly Rs 57.6 crore). Read More

5. Facebook’s standalone messaging app has introduced a front and rear camera that comes packed with many features once pioneered by its rival Snapchat. The new camera lets users add stickers, emojis, real-time masks and Prisma-like filters among other features. Read More

6. Chennai-based IT company SAKSOFT Ltd. has agreed to acquire a 60% stake in Bengaluru-headquartered Internet of Things (IoT) startup DreamOrbit Softech Pvt Ltd for an undisclosed amount. Read More

7. Instagram has reached 600 million monthly active users, adding its latest 100 million users faster than ever before. Read More

8. Japanese advertising giant Dentsu Aegis Network Ltd (DAN) has acquired Mumbai-based Fractal ink Design Studio, a service provider in the user interface and user experience (UI/UX) domain. Read More

9. IT services firm Cognizant on Friday announced that it has entered into an agreement to acquire Sydney-based consulting, business transformation and IT services provider Adaptra. Read More

10. NYSE-listed Neustar, Inc. a provider of real-time information services, is being acquired by a private investment consortium led by Golden Gate Capital in a transaction valued at approximately $2.9 billion, including debt to be refinanced. Read More

11. US-based private equity firm The Carlyle Group is set to acquire a minority stake in Hyderabad-based vaccine manufacturer Bharat Biotech International Limited. Read More

12. Rakesh Jhunjhunwala has picked up 12.7 per cent stake in Mandhana Retail Ventures Ltd, that manufactures and sells actor Salman Khan’s Being Human brand of clothing and fashion accessories. Read More

13. Sagar Ratna’s original promoter Jayaram Banan is likely to buy back stake in the South Indian food restaurant chain at a 35-40 per cent discount to the price at which he had sold it to India Equity Partners (IEP) Fund Advisors. Read More

14. Ahmedabad-based drug maker Claris lifescience ltd (CLL) has agreed to sell its global generic injectables business to US-based Baxter International Inc for $625 million. Read More

15. Tech Mahindra has officially launched its Makers Lab program in Pune, an internal lab to boost innovation within the company. Read More

16. California shut down Uber's testing of self-driving cars shortly after the ride-sharing service launched its pilot in San Francisco, citing a lack of permit and threatening to sue. Read More

17. Supply chain firm Bristlecone owned by the Mahindra Group is in advanced talks to acquire two firms as part of its growth strategy to reach $1 billion in valuation by 2020. Read More

18. Karnataka becomes the fourth state after Rajasthan, Andhra Pradesh and Telangana to pilot Airtel Payment bank services. The announcement follows the successful roll out of the payment service in Rajasthan, where over 1,00,000 customers opened savings account within a fortnight of commencement of services. Read More

19. Television anchor Arnab Goswami on Thursday (15 December) announced that his new venture would be called Republic. Read More

20., eCommerce marketplace for educational products and services has rebranded its portal to Read More

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