11 Acquisitions of Companies in Mumbai

January 15, 2023
Acquisitions Hub

M&A activity has seen a steady increase across the globe over the past decade, especially in Mumbai. 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 11 acquisitions that took place in Mumbai .

J. K. Shah Classes acquired by Veranda Learning

Details about the transaction:

Acquisition amount:

$41,101,153

Announcement:

13 October 2022

Details about the company:

J. An educational website called K. Shah Classes provides classes for the CA CPT, CA IPCC, CA final, and CS exams.

Headquarter:

Mumbai, Maharashtra, India

Where to find them:

Industry:

Accounting, E-Learning, Education, Higher Education

Details about the buyer:

Veranda Learning is a digital learning platform that offers a wide variety of courses that can define your career.

Headquarter:

Chennai, Tamil Nadu, India

Where to find them:

Planet SuperHeroes acquired by NODWIN Gaming

Details about the transaction:

Acquisition amount:

$6,624,087

Announcement:

13 January 2022

Details about the company:

One of India's top character merchandise companies is called Planet Superheroes.

Headquarter:

Mumbai, Maharashtra, India

Where to find them:

Industry:

Communities, E-Commerce, Internet

Details about the buyer:

One of the major esports-focused sports content providers in the world is NODWIN Gaming.

Headquarter:

Gurgaon, Haryana, India

Where to find them:

Masaba acquired by Aditya Birla Fashion and Retail

Details about the transaction:

Acquisition amount:

$12,136,536

Announcement:

14 January 2022

Details about the company:

Chain of Retail Stores - Women's Designer Clothing

Headquarter:

Mumbai, Maharashtra, India

Where to find them:

Industry:

Fashion, Lifestyle, Retail, Web Design

Details about the buyer:

ABFRL maintains a chain of clothing and accessory retail locations in addition to designing and producing branded clothing.

Headquarter:

Mumbai, Maharashtra, India

Where to find them:

Alcon Electronics acquired by Exxelia Group

Details about the transaction:

Acquisition amount:

$100,000,000

Announcement:

19 January 2022

Details about the company:

Alcon offers a wide selection of film capacitors as well as screw terminal electrolytic capacitors in aluminum.

Headquarter:

Mumbai, Maharashtra, India

Where to find them:

Industry:

Electronics, Industrial, Manufacturing, Service Industry

Details about the buyer:

The Exxelia Group develops and produces electromechanical and electrical products.

Headquarter:

Paris, Ile-de-France, France

Where to find them:

Badshah Masala acquired by Dabur India

Details about the transaction:

Acquisition amount:

$71,602,819

Announcement:

26 October 2022

Details about the company:

Indian spices that are whole, ground, and mixed are produced by Badshah Masala.

Headquarter:

Mumbai, Maharashtra, India

Where to find them:

Industry:

Cooking, Food Processing, Restaurants

Details about the buyer:

Dabur is one of India's top FMCG companies, with sales over Rs 7,680 billion and a market value above Rs 48,800 billion.

Headquarter:

Ghaziabad, Uttar Pradesh, India

Where to find them:

Oaknet Healthcare acquired by Eris Lifesciences

Details about the transaction:

Acquisition amount:

$85,524,290

Announcement:

4 May 2022

Details about the company:

Pharmaceutical firm Oaknet Healthcare specializes on treating non-communicable disorders.

Headquarter:

Mumbai, Maharashtra, India

Where to find them:

Industry:

Biotechnology, Health Care, Pharmaceutical, Wellness

Details about the buyer:

An Indian pharmaceutical business called Eris Lifesciences specializes on treating chronic and lifestyle disorders.

Headquarter:

Ahmedabad, Gujarat, India

Where to find them:

WealthDesk acquired by PhonePe

Details about the transaction:

Acquisition amount:

$50,000,000

Announcement:

17 May 2022

Details about the company:

Business-to-business-to-consumer (B2B2C) investing technology platform WealthDesk.

Headquarter:

Mumbai, Maharashtra, India

Where to find them:

Industry:

Financial Services, FinTech, Wealth Management

Details about the buyer:

A mobile payment tool called PhonePe enables consumers to send money instantaneously.

Headquarter:

Andheri, Maharashtra, India

Where to find them:

All Cargo Logistics- Project forwarding & logistics business acquired by J M BAXI

Details about the transaction:

Acquisition amount:

$12,994,429

Announcement:

31 March 2022

Details about the company:

An integrator of logistics solutions is All Cargo Logistics.

Headquarter:

Mumbai, Maharashtra, India

Where to find them:

Industry:

Logistics

Details about the buyer:

An integrated logistics, services, and transportation business is J M Baxi.

Headquarter:

Ballard Estate, Maharashtra, India

Where to find them:

Bewakoof acquired by TMRW

Details about the transaction:

Acquisition amount:

$24,494,630

Announcement:

28 November 2022

Details about the company:

A direct-to-consumer (D2C) online clothing marketplace is called Bewakoof.

Headquarter:

Mumbai, Maharashtra, India

Where to find them:

Industry:

E-Commerce, Internet, Lifestyle

Details about the buyer:

The biggest portfolio in the fashion and leisure industry, TMRW is paving the way for the next stage of direct-to-consumer (D2C) development.

Headquarter:

Bengaluru, Karnataka, India

Where to find them:

SugarBox acquired by Zee Entertainment Enterprises

Details about the transaction:

Acquisition amount:

$11,500,000

Announcement:

15 March 2017

Details about the company:

The SugarBox local Wi-Fi network breaks customers' reliance on mobile data.

Headquarter:

Mumbai, Maharashtra, India

Where to find them:

Industry:

Computer, Information Technology, Infrastructure, Internet, Private Social Networking

Details about the buyer:

The second-largest media and entertainment firm in India is situated in Mumbai, and its name is Zee Entertainment Enterprises Ltd.

Headquarter:

Mumbai, Maharashtra, India

Where to find them:

Svami acquired by Stranger & Sons

Details about the transaction:

Acquisition amount:

$12,518,142

Announcement:

22 August 2022

Details about the company:

Three seasoned drinkers who wanted to share their passion for libations with the wider world of beverages came up with Svami.

Headquarter:

Mumbai, Maharashtra, India

Where to find them:

Industry:

Food and Beverage

Details about the buyer:

In India, Stranger & Sons offers catering and beverage services.

Headquarter:

Mumbai, Maharashtra, India

Where to find them: