In the latest M&A news from India, InCred has acquired Bengaluru-based unsecured loan provider Qbera while Classplus, a startup that helps coaching centres go online, has acqui-hired Merak.ai.
In another development, Shilpa Medicare has announced that it is fully acquiring FTF Pharma Pvt. Ltd.
InCred acquires Qbera
The acquisition will help InCred augment its digital distribution strength, according to a statement.
As part of the transaction, Qbera founder and CEO Aditya Kumar has joined InCred to head its platform business as well as its personal loan business. Meanwhile, Qbera co-founder and product VP Anuj Sachdev has taken an advisory role.
Classplus acqui-hires Merak.ai
As part of the deal, Merak.ai co-founder Vibhor Kalra will join Classplus as its AVP for product.
Merak.ai manages data-entry processes as well as digitises template-based documents. Meanwhile, Classplus is currently being used by more than 3,500 coaching centres across over 70 cities and towns in India.
Shilpa Medicare buys FTF Pharma
Shilpa Medicare Ltd, a Hyderabad-based active pharmaceutical ingredients (APIs) and formulations developer, is fully acquiring FTF Pharma Pvt. Ltd for Rs 75 crore. Besides, it will also pick up a 40 per cent stake in Auxilla Pharmaceuticals and Research LLP for about Rs 6 crore.
The acquisition will help Shilpa Medicare enhance its R&D facilities and also aid product extension, it said in a stock exchange filing.