Infosys has agreed to acquire German digital marketing, experience, and commerce agency oddity for an undisclosed price. According to the Indian IT giant, the acquisition bolsters its creative, branding, and experience design capabilities. Oddity is among the largest independent digital agencies in Germany with over 300 digital experts in its team. The company enables digital […]
Mahindra Logistics Ltd. (MLL), an Indian third-party logistics (3PL) solution provider, has acquired a stake of 60% in ZipZap Logistics, a last-mile logistics service provider that operates under the brand ‘Whizzard’. The consideration for the acquisition is INR 71.73 crores to be paid in cash. Founded in 2018, the Hyderabad-based Whizzard runs an intracity distribution […]
Bengaluru-based Xelpmoc Design and Tech Limited (Xelp) said that its board has approved the acquisition of a 64% stake in GOFX Platform Technologies (GPTPL), incorporated in Singapore, for SGD 1,778. GOFX Platform Technologies is engaged in software and programming activities and the development of e-commerce applications in the areas of health, education, food and agriculture, […]
Indian e-commerce giant Flipkart has raised $3.6 billion from a new funding round to take its valuation to $37.6 billion. The new funding round of Flipkart was led by Singaporean sovereign fund – GIC, SoftBank Vision Fund 2, Canada Pension Plan Investment Board (CPP Investments), and retail giant Walmart. Sovereign funds DisruptAD, Khazanah Nasional Berhad, […]
Swedish fintech company Klarna, which provides e-commerce payment solutions platform for merchants and shoppers, has acquired virtual social shopping platform HERO for an undisclosed price. Based in the US and the UK, HERO is said to offer inspiration, advice, and immediately shoppable content to consumers, which are directly produced from the physical stores of retailers. […]
Stamps.com, a US-based provider of e-commerce shipping software solutions, has agreed to be acquired by software investment firm Thoma Bravo for around $6.6 billion in an all-cash deal. As per the terms of the deal, stockholders of the publicly-listed company on NASDAQ will be paid $330 per share. Based in El Segundo, California, Stamps.com caters […]
Boxed, Inc., an American e-commerce grocery shopping platform, has agreed to merge with Seven Oaks Acquisition Corp. in a deal that values the combined company at around $900 million. The deal with the special purpose acquisition company (SPAC) will enable Boxed to become a publicly listed company. Established in 2013, the company is said to make […]
Walker Edison, an American e-commerce furniture company, has secured a significant minority investment from funds managed by Blackstone Tactical Opportunities, the opportunistic investment platform of Blackstone. The terms of the deal were not disclosed. Brad Bonham and Matt Davis – the founders of Walker Edison and the company’s controlling investor – Prospect Hill Growth Partners […]