Doubtnut Acquisition

Byjus acquired icebox diamonds Inc in November 2022. Why? Thought it was an edtec company. Why diamonds?

In a landmark deal, Silicon Valley powerhouse General Catalyst has acquired Venture Highway, a seed-stage investment firm with a track record of backing winners like Meesho and Mobile Premier League. The Deal: - Rare instance of consolidation in the Indian VC market - VH to be rebranded as General Catalyst India - GC plans to invest $500 million to $1 billion in India over the next three years - Acquisition driven by desire to build strong local team and tap into local LP network But the move also raises important questions. Will this trigger a wave of consolidation in the Indian VC market? Will other global firms follow suit and snap up local players to gain a foothold in the country? And how will this influx of foreign capital shape the trajectory of India's startup ecosystem? As the dust settles on this landmark deal, one thing is clear: India's startup scene is entering a new era, one where local innovation and global capital are increasingly intertwined.

Always long on India 🇮🇳 Image Credits: The Arc

- Venture capital firm Accel has invested $9 million in Uppercase, nearly doubling the luggage maker’s valuation to $60 million. - The investment will fuel the brand’s expansion through new retail stores in India, Europe, and the Middle East by next year, according to cofounder Sudip Ghose. - Uppercase plans to open 10 exclusive retail stores in major Indian cities by next month and expand to 50 outlets by March 2025. - About 60% of Uppercase’s sales come from offline channels, with the company aiming to double its revenue to Rs 150 crore by the end of this fiscal year. - Uppercase is set to open its own manufacturing facility in Nashik by December, moving away from contract manufacturers. Source: [Economic Times]()

Can anyone shed some light about the deal? - How much was the deal? - Why so low? If they had 24K colleges on their platform? - What's the larger play of Great Learning? How much is their conversions

While I'm proud of these two revolutionising the quick commerce space, I somehow have a bad feeling about this Profits aren't coming, money is flowing Don't know what the VCs are seeking? Why bake a a pie that you can't eat later?

- Nazara Technologies has acquired UK-based Fusebox Games Limited for Rs 228 crore ($27.2 million) in an all-cash deal. - Fusebox, known for its interactive story game 'Love Island', reported strong financial growth in CY23 and CY24. - The acquisition aligns with Nazara's strategy to expand in developed markets like the US, UK, and Australia. - Nazara also received a letter of intent to acquire sports entertainment company Smaaash, currently in insolvency. - Earlier this year, Nazara raised Rs 250 crore ($30 million) and announced plans to invest $100 million in mergers and acquisitions over the next 24 months. Source: [Entrackr](https://entrackr.com/2024/08/nazara-acquires-uk-based-fusebox-games-for-27-2-mn/)

Would someone have a fair idea?

I was seeing a post where Cognizent was getting acquired is it full or service lines ?

Is it good or bad to join a company when it is being acquired by another one ?