BookMyShow (BMS) has acquired local food and restaurant recommendation engine Burrp, Datamatics to buy controlling stake in app development firm TechJini even as National Multi Commodity Exchange (NMCE) will merge with Indian Commodity Exchange (ICEX).
BookMyShow acquires Burrp from Network18
The acquisition includes Burrp’s key assets like employees and existing restaurant partnerships, the company said in a statement.
This investment has been made to Foodfesta Wellcare Pvt. Ltd, a subsidiary of BigTree Entertainment.
Founded in 2006 by Deep Ubhi and Anand Jain, Burrp was acquired by Network18 in 2010 for $656k (Rs 4.25 crore). It helps people discover eating joints around them. The company claims to have listed over 60,000 restaurants across 14 cities.
For BookMyShow, this is the third acquisition since January this year. In February, it acquired 75 per cent stake in Pune-based Townscript for an undisclosed amount. Before that in January, it bought Hyderabad-based ticketing portal MastiTickets in an all-cash deal.
Datamatics buys app development firm TechJini
Datamatics Global Services Ltd has agreed to acquire a controlling stake in Bangalore-headquartered TechJini, a boutique mobile and web application development company for $6 million (Rs 39.1 crore) in an all-cash deal before the end of the month, according to a stock market disclosure.
The acquisition will help Datamatics further strengthen mobility offerings through TechJini’s range of smart technology solutions.
“Enterprise mobility has gained significant momentum with companies adopting mobile first as a core strategy for their business and cloud platforms. Partnering with TechJini will further enhance our service in the mobility space and create a niche that will help us gain a competitive advantage,” Rahul Kanodia, vice-chairman and chief executive officer of Datamatics.
Bangalore and US-based TechJini was founded in 2005 by Shyamal Mehta and Amit Rana. The company works on diverse application development projects across iOS, Android and Windows Phone It claims to serve over 35 clients from domains such as media, engineering and manufacturing.
Datamatics is a global provider of consulting, information technology (IT), data management and business process management services to several Fortune 500 companies.
Datamatics’s scrip last exchanged hands at Rs 104.50 each, up 1.16 per cent on BSE in a strong Mumbai market on Monday.
ICEX to merge with NMCE to create commodity exchange
This is subject to regulatory approval and is expected to be complete by December 2017.
As per the deal, shareholders of ICEX will own a 62.8 per cent stake in the merged entity while the remaining 37.02 per cent will be held by shareholders of NMCE.
The shareholders will include MMTC, Indian Potash, Krishak Bharati Cooperative (Kribhco), IDFC Bank, Reliance Capital, Indiabulls Housing Finance, Punjab National Bank, Bajaj Holdings, Central Warehousing Corporation (CWC) and Gujarat Agro Industries.