Merger & Acquisition

Spoton is the second acquisition by Delhivery this year. In March, it scooped up Primaseller, a California-based SaaS company providing order management software for omnichannel retailers.

Simplilearn’s early investors Kalaari Capital, Helion Venture Partners, and Mayfield will exit from their investments.

The decade-old company has now diversified into a software-as-a-service company.

Southeast Asian startups raised a total of USD 8.2 billion in 2020, down 7% from USD 8.79 billion in 2019, with 80% of the exits being mergers or acquisitions.

In May, Walmart-owned PhonePe signed the term sheet to acquire an over 90% stake in Indus OS, to boost its super app dream on the back of the latter’s content and app discovery platform.

RedSeer projects the Indian social commerce sector to become a USD 7 billion opportunity by 2025, contributing up to 5% to the total e-commerce market.

The SEC is scrutinizing SPACs, but Grab is about to get its show on the road.

A combined entity formed by Gojek and Tokopedia would be valued at more than USD 18 billion, eclipsing Grab’s USD 16 billion valuation.