Monday, August 15

Tag: acquisition

U.S Software Company Ebix Offers to Buy Yatra
Corporate

U.S Software Company Ebix Offers to Buy Yatra

Highlights U.S-based software firm proposed to buy Yatra Online for over 2,345 crore.Ebix claims to have reserved the right to reduce and decline the offer in case Yatra does not respond appropriately to their proposal.Financial statement of Yatra from 2015-2018. Ebix Inc, a U.S based software firm claimed that it has made a proposal to acquire Yatra Online Inc for over INR 2,345 crore. The company sent a letter to the Board of Yatra Online, stating Ebix intend to acquire 100% of the outstanding stock of Yatra Online for INR 486 per share. Yatra is an Indian online travel portal, it is a massive player in terms of online travel company. Apart from booking domestic and international air tickets, the company is also involved in hotel booking, rail and bus ticketing, holiday package...
Quikr to Acquire an E-commerce Company into Buying and Selling of Refurbished Products Zefo
Corporate, News

Quikr to Acquire an E-commerce Company into Buying and Selling of Refurbished Products Zefo

Highlights Quikr to acquire Zefo in an all-stock deal worth INR 200 crore.Financial statistics of Zefo from the year 2015-2018.Quikr is also pushing to create its own payments and logistics services for the used or second-hand products. Quikr, a renowned Indian classified advertising platform said to be acquiring Zefo soon. Zefo is an Indian e-commerce platform for buying and selling refurbished or second-hand products. It has been understood that Quikr is in advanced talks to acquire Sequoia-backed refurbished products marketplace Zefo for INR 200 crore in an all-stock deal. After the acquisition of Zefo, supported by Sequoia Capital, Helion Venture Partners and others, will go on to operate independently. Zefo was incorporated on 2nd July 2015 by Arjit Gupta, Himesh Joshi, K...