India Dealbook: Info Edge buys AmbitionBox; Simulanis raises funding

Info Edge (India) Ltd has acquired discovery platform AmbitionBox while Simulanis has raised an undisclosed amount in pre-Series A round of funding.

Info Edge acquires discovery platform AmbitionBox

Info Edge (India) Ltd — the parent company of Naukri.com, 99acres.com and Jeevansaathi.com  — has acquired discovery platform AmbitionBox for an undisclosed amount.

“AmbitionBox enriches a job-seeker’s journey and helps them make an informed choice. This ties into our core purpose of connecting job-seekers to jobs and companies which are relevant and the right match for them,” said Hitesh Oberoi, co-promoter, MD and CEO, Info Edge.

In the deal, Info Edge has bought over the domain, content and business of AmbitionBox, and Mayur Mundada and Subramanya T H, founders of AmbitionBox, joined Info Edge to develop the site further with the help of Naukri resources, according to a press note.

Navi Mumbai-based AmbitionBox is a two-year-old company. It assists job-seekers with company reviews, company information, interview tips and advice.

Simulanis gets pre-Series A funding from Village Capital, others

Simulanis, a Delhi-based augmented reality and virtual reality (AR-VR) technology development company, has raised an undisclosed amount in pre-Series A round from Village Capital and a group of angels.

According to an article in Business World, the angel investors include Pawanjit Ahluwalia, chairman, India Skills; Apurva Chamaria, VP and head, corporate marketing, HCL Technologies and Mridul Upreti, CEO, Segregated Funds Group – Jones Lang LaSalle.

The company will use the funds for expanding its sales team.

Simulanis, which creates e-learning, skills development, and gamified content, has developed hardware agnostic, gamified, mobile and computer training applications for the education, skilling and industrial training sectors.

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