Delhivery stunned the market this week with a 17% jump in revenue for Q2 FY26, hitting Rs 2,559 crore. On paper, it looks like business is booming—but behind the numbers lurks a shocking twist: the company reported a net loss of Rs 50 crore, reversing last year’s Rs 10 crore profit.
What caused this sudden downturn? The culprit is the costly integration of its Ecom Express acquisition, which…
Mumbai-based gaming giant Nazara Technologies has made a strategic move by selling its 94.85% stake in OpenPlay Technologies, which runs the popular Rummy platform, Classic Rummy, to Moonshine Technology. This move comes as part of Nazara’s broader strategy to optimize its gaming portfolio and focus on high-growth areas. The transaction is valued at a significant Rs 104.33 crore and will be…
Hindustan Unilever (HUL), one of India’s biggest FMCG companies, has taken a major step into the growing direct-to-consumer (D2C) beauty and skincare market by acquiring a 90.5% stake in Jaipur-based Minimalist. This acquisition, valued at nearly Rs 2,955 crore, marks one of the most significant deals in the Indian beauty industry. Let’s break down the details of this big move and what it…
Introduction: Nazara Expands Its Hold in the Sports Media Market
Nazara Technologies, a Mumbai-based gaming powerhouse, has just made a bold move in the sports media sector by acquiring an additional 10.26% stake in Absolute Sports. The deal, valued at Rs 72.73 crore, brings Nazara’s total stake in Absolute Sports to a dominant 81.94%.
This acquisition not only strengthens Nazara’s foothold in…
Mumbai-based Nazara Technologies, a leading player in the gaming and sports media sector, has successfully raised Rs 855 crore (about $100 million) in a funding round aimed at supporting its global expansion and acquisition strategy. This move is set to propel the company further into the competitive gaming industry, while providing the necessary resources for strategic growth and market…
A Game-Changing Move in the Insurance Sector
InsuranceDekho, a prominent Gurugram-based insurance broker, is set to acquire its rival RenewBuy in a significant consolidation deal valued at approximately $300 to $350 million. This merger is expected to reshape the insurance distribution landscape in India, creating a combined entity valued at around $1 billion.
Valuation Details and Market…
In a strategic move to bolster its digital engineering capabilities, EQT-backed Indium Software has acquired a majority stake in Experion, a global leader in product engineering services. While the financial specifics of the acquisition remain undisclosed, this partnership is set to enhance Indium’s offerings and expand its reach across key sectors such as financial services, healthcare…
Adda247, a Google-backed edtech company, has acquired PrepInsta, a platform dedicated to placement preparation, as part of its ambitious strategy to enhance job-focused skilling programs. This acquisition continues Adda247’s trend of strategic expansions, following its previous takeovers of StudyIQ in 2021, Veeksha in 2023, and Ekagrata in July 2024.
Founded in 2019, PrepInsta specializes in…
Digital lifestyle brand Pluckk has announced its acquisition of Upnourish, a burgeoning nutrition brand in India, in a deal valued at $1.4 million. This strategic move is part of Pluckk’s ongoing efforts to expand its footprint in the nutrition sector and cater to the growing demand for health-focused food options.
Expanding into the Nutrition Market
The acquisition comes at a pivotal moment…
Authum Investment & Infrastructure Limited and investor Mahi Madhusudan Kela are set to purchase a significant stake in Prataap Snacks Ltd., the parent company of Yellow Diamond, for ₹846.60 crore, according to a BSE filing on September 27.
The agreement includes acquiring a 46.85% stake from Peak XV Partners Growth Investments I, Peak XV Partners Growth Investment Holdings II, and Sequoia…
