AHMEDABAD: Globant, an Argentine IT and software development firm focused on innovative products, has acquired Pune-based product engineering firm Clarice Technologies in a deal estimated at $20-25 million. It's a complete acquisition with a transition phase of three years, said Sandeep Chawda, co-founder and CEO at Clarice Technologies. He said the deal was closed on [...]

To operate legally in the national capital, Indian mobile app service for cab booking, Ola, is in final-stage talks to acquire Gurgaon-based radio taxi service GCabs. The deal is expected to be closed with in a week. This move will help OlaCabs to get required clearance from the transport authorities in Delhi. As per an ET report, “The [...]

Future Lifestyle Fashions Ltd has announced that the Company has acquired 12% stake in M/s. Unico Retail Private Limited, a company engaged in the business of handbags, belts and wallets under the brand "PEPERONE" in India

Alia Premedia, an IT services Company and the leader in Pre media packaging vertical in India  becomes part of the Paris headquartered pre media services company Diadeis. Alia Premedia has many big FMCG companies including Unilever, Kraft, GSK as its clients. Merisis Advisors, an M&A focused investment banking advisory firm, were the exclusive advisors to […]

Wayne-Burt Petro Chemicals Pvt. Ltd. (earlier known as Bailey Hydropower Pvt. Ltd.), part of the Wayne Burt Group has exited the hydraulics cylinder business by divesting it to Pennar Industries Ltd. Merisis Advisors, an M&A focused investment banking advisory firm, were the exclusive advisors to the transaction. Pennar Industries has acquired the production, engineering, product […]

ANI Technologies’s online car rentals and cab services venture, Olacabs.com has raised an undisclosed amount in a Series A funding from Tiger Global Management. The company intends to use the funds raised to expand to more cities, improve its technology platform and hire more people. Launched in December 2010 by IIT Mumbai graduates Bhavish Aggarwal and Ankit Bhati, Olacabs.com [...]

Gurgaon: Gurgaon-based cloud telephony-based solution provider Knowlarity has raised $6.6 million from Sequoia Capital. As part of the investment Mohit Bhatnagar, Managing Director, Sequoia Capital has joined Knowlarity’s board. The fund was advised by Merisis Capital Advisors. “The funds would be deployed into major buckets of R&D and Sales Operations. We would expand our tech team [...]

Taurus Flexibles have announced their strategic association with Spain based Cikautxo s. Coop and Mondragon S. Coop to augment the manufacturing of rubber and plastic hoses for the automotive segment for international and domestic markets. This tie-up is being achieved by the acquisition of 50% stake in Taurus’ wholly owned EOU subsidiary in Pune created [...]