ETtech Deals Digest: Byju’s $1-bn funding, Amazon’s $250-mn India fund
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Last Updated: Apr 16, 2021, 08:26 PM IST
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In this week s ETtech Deals Digest, India’s biggest edtech startup cannot stop raising funds, and the world’s largest online retailer cannot stop wooing small businesses in India.
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(Illustration: Rahul Awasthi/ETtech)
In this week s ETtech Deals Digest, India’s biggest edtech startup cannot stop raising funds, and the world’s largest online retailer cannot stop wooing small businesses in India.
Byju s $1-billion funding round
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Byju’shas raised over $1 billion from investors led by Baron Funds, Facebook co-founder Eduardo Saverin’s B Capital Group, and US-based investment hedge fund XN Exponent Holding, according to the company s regulatory filings.
Mattioli Woods buys Pole Arnold Financial Management for initial consideration of £4m
Latest deal expands presence in Leicester and London
Mattioli Woods CEO Ian Mattioli
Mattioli Woods has acquired specialist wealth and asset management firm Pole Arnold Financial Management for an initial consideration of £4m, and a further consideration of up to £3m subject to certain profit targets being met in the two years following completion.
Pole Arnold, which was established in 2012 and specialises in fee-based financial planning, has around 360 private and corporate clients with approximately £245m of assets under management and advice. Its team of 16 staff will remain with Mattioli Woods once the deal completes.
Coforge to acquire 60% of SLK Global Solutions for Rs 918 crore
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Last Updated: Apr 12, 2021, 08:23 PM IST
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Coforge has acquired 60% of SLK Global Solutions for Rs 918.32 crore, with a provision to acquire another 20% from Fifth Third Bank after two years.
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Coforge expects the SLK Global Solutions acquisition to help it expand services to the North American financial services industry and strengthen its BPM operations.
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Coforge Ltd. has agreed to acquire 60% stake in SLK Global Solutions for Rs 918.32 crore, in a deal that the IT firm expects will help it expand services to the North American financial services industry and strengthen its business process management (BPM) operations.
Nykaa Fashion acquires Pipa Bella to strengthen jewellery category
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Last Updated: Apr 12, 2021, 07:40 PM IST
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The Nykaa-Pipa Bella deal comes at a time when India’s largest online cosmetics retailer is lining up an IPO some time this year at a valuation of $3.5 billion.
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Nykaa Fashion, the e-commerce platform of India’s largest online cosmetics retailer, has acquired online jewellery brand Pipa Bella to strengthen its accessories category.
Pipa Bella will continue to offer its services on its own website and extend this functionality as a consumer brand under the Nykaa Fashion portfolio.
The terms of the Nykaa-Pipa Bella deal were not disclosed.
Pinterest is said to be in talks to acquire VSCO photo app
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Pinterest is said to be in talks to acquire VSCO photo appBy Mike Isaac & Erin Griffith, New York Times
Last Updated: Apr 05, 2021, 06:22 PM IST
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Pinterest and VSCO, which stands for Visual Supply Company, are part of a group of tech companies that are highly focused on digital images and visual editing and that rely less on social networking features.
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Joel Flory, centre left, and Greg Lutze, centre right, the co-founders of VSCO, attend a party in New York on Dec. 9, 2014. Pinterest has held talks to buy VSCO, a photography app that spawned a teenage social media craze, according to two people with knowledge of the matter. (Photo: Brian Harkin/The New York Times)