The first week of October witnessed a slight decline in overall capital secured by Indian startups. Between October 4 and October 10, the Indian startup ecosystem disclosed total funding of almost $1.3 billion across 42 transactions.
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GovExec
GovExec expects to make more than $30 million in revenue this year.
The company has a profit margin north of 20%, its chairman said.
GovExec acquired City & State and is now looking to make more purchases.
A year ago, employees at Government Executive Media Group got the kind of news that workers in the media industry have come to fear: the company was spinning off from its longtime owner Atlantic Media and would now be controlled by a little-known private equity firm.
Far from making cuts, however, the company whose publications cover the inner workings of the federal government has expanded, growing from 80 to 160 employees. It made about $20 million in revenue last year, with the goal of bringing in more than $30 million this year, according to CEO Tim Hartman.
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Why it s an acquisition target: Building adtech for new retail media networks
Pacvue is one of a handful of startups that plugs into the growing number of retail ad networks like Walmart, Target, and Instacart.
The firm sells technology that brands use to manage their ad spending on Amazon. It expanded to other retailers last year when e-commerce boomed in the pandemic. Pacvue says that its business grew 300% in 2020.
Sellics CEO Franz Jordan said there s a growing need for companies like Pacvue to handle ad budgets for big brands that sell on Amazon, Target, and Walmart.
Pacvue president Melissa Burdick did not address acquisition talks.