10th Indian Delegation to Dubai, Gitex & Expand North Star – World’s Largest Startup Investor Connect
E Commerce

B2B Marketplace Jumbotail To Acquire Solv India


SUMMARY

Solv India said that its investor Standard Chartered Bank’s venture capital arm, SC Ventures, has greenlit its acquisition by Jumbotail

The consolidated entity will be led by Jumbotail cofounders Karthik Venkateswaran and Ashish Jhina, and Solv India’s board chairman Gautam Jain will join Jumbotail’s board

Founded in 2015, Jumbotail offers a suite of go-to-market products and services to connect emerging brands with mom-and-pop stores

B2B ecommerce platform Jumbotail is acquiring rival marketplace Solv India…



Source link

by Tech In Asia

GoTo’s legal and corporate secretary said the company follows regulations for public companies and will prioritize the interests of shareholders. Source link

by INC42

SUMMARY The due diligence is done, and both sides are negotiating final terms for the cash and equity transaction If the deal closes, it will mark one of the biggest consolidation in India’s auto tech sector Notably, CarDekho entered the unicorn club in October 2021 after raising $250 Mn at a $1.2 Bn valuation. It, however, shut down its used-car retail business in 2023 after high operating costs made it unviable Listed auto marketplace CarTrade is reportedly in advanced stages to acquire rival CarDekho in a deal valued at… Source link

by INC42

From a brand known for its cool urban image and setting the Indian craft brewery benchmark, Bira 91’s survival hangs by a thread.  The startup, which has raised more than $200 Mn in funding to date from investors such as Peak XV Partners, Sofina, and Kirin Holdings, among others, is struggling to move past the slowdown that hit its business last year.   At the centre of the storm are 600 employees, the investors, and Ankur Jain, the CEO and founder of B9 Beverages Ltd, Bira 91’s parent company.  Jain is under pressure to step down… Source link