Carlyle-backed SeQuent, Sequoia-backed Scaler, Infibeam, IndiaMart in M&A action
SeQuent Scientific, the animal life sciences company backed by US private equity giant Carlyle, has bought Brazilian animal nutraceuticals and therapeutic products company Nourrie Saúde e Nutrição Animal Ltd for Rs 36.2 crore ($5 million).
SeQuent routed the deal through its wholly-owned subsidiary Alivira Animal Health Ltd to boost the presence in Brazil’s pet market, the fourth largest in the world.
Scaler-AppliedRoots
Upskilling startup Scaler Academy, which is backed by venture capital and growth capital firm Sequoia Capital, has acquired online learning platform AppliedRoots for Rs 378 crore ($50 million).
This is Scaler’s first such deal in 2022 and third in the last 14 months after acquiring Coding Minutes and Coding Elements in 2021 to expand its presence. AppliedRoots offers products across data science, artificial intelligence and machine learning.
Infibeam Avenues
Infibeam Avenues Ltd has bought contactless technology startup Uvik Technologies for Rs 75 crore in a cash-and-stock deal that helped existing backer venture capital firm Season Two Ventures exit the company.
IndiaMart
Online B2B marketplace IndiaMart is buying a 26% stake in Adansa Solutions Pvt. Ltd, which owns accounting software brand Realbooks.
IndiaMART will acquire shares of Realbooks via a mix of primary and secondary purchases for Rs 13.75 crore.
This was IndiaMart’s 12th acquisition or investment in early-stage companies, taking its investment tally to over $100 million in fiscal 2022.
Marking its 13th investment in the current fiscal, IndiaMart will acquire a 10% capital in Zimyo Consulting for Rs 17.01 crore to meet its objective of offering various software services to its B2B clients.
Kotak Securities
Kotak Mahindra Bank’s broking arm Kotak Securities has acqui-hired online trading and thematic investment platform TradeGyani besides buying its product and associated intellectual property. It did not disclose the terms of the deal.
As part of the deal, TradeGyani founders Rahul Pahuja and Brijendra Singh will join Kotak Securities’ corporate development division to focus more on designing and launching of new investment products around retail investors.
MPL buys German firm
Online gaming platform Mobile Premier League (MPL) made an entry into European markets through the acquisition of Germany-based GameDuell.
The company did not disclose the financial details, but said the acquisition will help MPL enter the mobile free-to-play game market, thus making its presence across Asia, North America, and Europe.
BikeWo
Electric two-wheeler startup BikeWo acquired staff management and business intelligence platform Munim App in a cash and stock deal.
The EV startup did not disclose the deal value but said Munim will continue to operate independently and offer technological support to the EV firm.
Practically
Ed-tech platform Practically acquired enterprise resource planning software Fedena. Practically, backed by YourNest Capital Advisors, did not disclose the financial terms.
