India Digest: RPSG Ventures, ImaginXP, and ClickIndia.com in M&A news

Photo: Mint

RPSG Ventures has fully acquired ayurvedic medicine maker Herbolab India while ImaginXP, which helps universities provide degree programmes, has acquired another edtech startup Noesis Learning. Separately, ClickIndia.com has bought software-as-a-service (SaaS) startup Directly.live.

RPSG Ventures fully acquires Herbolab

RPSG Ventures, an early-stage consumer venture capital arm of RP-Sanjiv Goenka Group, is acquiring an additional 35.37% stake in ayurvedic medicine maker Herbolab India Pvt Ltd for about $6.9 million.

The firm had acquired a 64.63% stake in the company in June 2019. With the latest acquisition, Herbolab becomes a wholly-owned subsidiary of RPSG Ventures.

In a regulatory filing, RPSG Ventures said, “The investment in Herbolab will help the company to expand its existing portfolio into ayurvedic products manufacturing segment. This acquisition will bring in many synergies in the company’s business and long-term strategies.”

ImaginXP buys Noesis Learning

ImaginXP, which helps universities provide degree programmes, has acquired another edtech startup Noesis Learning for an undisclosed amount.

The Noesis learning platform – ‘Schoolsonweb’ – enables live learning, assessment automation, assignments, doubt clearing forums and connects students and corporate coaches for career-focused learning.

The acquisition of Noesis Learning will further fortify the digital strategy at ImaginXP and bring an experienced team for accelerating the adoption of online learning in the higher education space, the company said in a statement.

ClickIndia.com buys Directly.live

Marketplace ClickIndia.com has acquired software-as-a-service (SaaS) startup Directly.live in an all-cash deal, per an announcement.

Directly.live’s software solution allows individuals and companies to connect with customers or audiences through a one-on-one video call for a fee, thereby allowing users to interact directly with the people they’ve been following.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.