6 Acquisitions of Companies in Bengaluru

January 15, 2023
Acquisitions Hub

M&A activity has seen a steady increase across the globe over the past decade, especially in Bengaluru. Startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 6 acquisitions that took place in Bengaluru .

AyurVAID acquired by Apollo Hospitals Enterprise

Details about the transaction:

Acquisition amount:

$3,233,335

Announcement:

5 October 2022

Details about the company:

The quality and accessibility of therapy for low-income people in India are both improving because to AyurVAID.

Headquarter:

Bengaluru, Karnataka, India

Where to find them:

Industry:

Health Care

Details about the buyer:

A premier multi-specialty hospital in India, Apollo Hospitals is also one of the biggest integrated healthcare organizations.

Headquarter:

Chennai, Tamil Nadu, India

Where to find them:

Unbxd acquired by Netcore Cloud

Details about the transaction:

Acquisition amount:

$100,000,000

Announcement:

24 March 2022

Details about the company:

Unbxd is a platform for e-commerce product discovery that links customers to the goods they are most likely to purchase.

Headquarter:

Bengaluru, Karnataka, India

Where to find them:

Industry:

Artificial Intelligence, Big Data, E-Commerce, Machine Learning, Navigation, Product Search, Search Engine, Software

Details about the buyer:

With a selection of tools that aid in acquisition, engagement, and retention, Netcore offers B2C companies the chance to build incredible digital experiences.

Headquarter:

Mumbai, Maharashtra, India

Where to find them:

Setu acquired by Pine Labs

Details about the transaction:

Acquisition amount:

$75,000,000

Announcement:

23 June 2022

Details about the company:

The goal of Setu is to hasten economic growth by making formal money available to everyone.

Headquarter:

Bengaluru, Karnataka, India

Where to find them:

Industry:

Financial Services, Software

Details about the buyer:

Pine Labs is a platform for merchant commerce that offers funding and technology for last-mile retail transactions to retailers.

Headquarter:

Noida, Uttar Pradesh, India

Where to find them:

Quest Informatics acquired by HCL Technologies

Details about the transaction:

Acquisition amount:

$1,938,835

Announcement:

9 May 2022

Details about the company:

A global provider of IT services and solutions, Quest Informatics.

Headquarter:

Bengaluru, Karnataka, India

Where to find them:

Industry:

Information Technology

Details about the buyer:

An international provider of IT services, HCLTech collaborates with customers in fields that affect and reshape the heart of their operations.

Headquarter:

Noida, Uttar Pradesh, India

Where to find them:

Simpliance Technologies acquired by Aparajitha

Details about the transaction:

Acquisition amount:

$14,570,879

Announcement:

6 October 2022

Details about the company:

In order to assist organizations in adhering to labor rules, Simpliance Technologies offers governance, risk, and compliance technologies.

Headquarter:

Bengaluru, Karnataka, India

Where to find them:

Industry:

Compliance, Legal, Risk Management, Software

Details about the buyer:

Labor law compliance, factory compliance, industrial licensing, outsourced HR, legal & industrial compliance are all services provided by Aparajitha.

Headquarter:

Madurai, Tamil Nadu, India

Where to find them:

White Teak acquired by Asian Paints

Details about the transaction:

Acquisition amount:

$15,009,163

Announcement:

1 April 2022

Details about the company:

Designer lamps, hanging lights, and wooden décor are among the furnishing items that White Teak, a premium lighting and home decor firm, offers.

Headquarter:

Bengaluru, Karnataka, India

Where to find them:

Industry:

E-Commerce, Home Decor, Lighting, Retail

Details about the buyer:

Customers may get ornamental and industrial paints from Asian Paints.

Headquarter:

Mumbai, Maharashtra, India

Where to find them: