India Dealbook: Zoho acquires ePoise Systems; Paytm Money gets $4m from parent 

Photo: Reuters

In the latest M&A deal, cloud company Zoho has acquired ePoise Systems, a hiring automation product startup. Meanwhile, Paytm Money has raised Rs 28.87 crore (about $4 million) in fresh funding from parent One97 Communications.

Zoho acquires ePoise Systems

Zoho, a global software products major, has acquired Bengaluru-based ePoise Systems, a hiring automation product startup for an undisclosed amount, per an announcement.

Founded in 2013 by Sachin Agrawal and Bishan Singh, ePoise automates multiple screening steps for each role, including a set of assessments leading to a video interview, thus bringing significant efficiency to the hiring process for high volume recruiters, Zoho said in a press statement.

“The combination of Zoho’s global footprint and depth of product portfolio and ePoise product capability and talent will add value to our customers. We are open to such technology-focused acquisitions,” Sridhar Vembu, CEO, Zoho said.

Paytm Money gets $4m from parent

Online platform for mutual fund investments Paytm Money has raised Rs 28.87 crore (about $4 million) in fresh funding from parent One97 Communications, according to filings with the registrar of companies (RoC).

It has issued 2.8 crore equity shares at Rs 10 each to the parent as part of the investment.

Paytm Money had received an investment commitment of $10 million from One97 Communications to set up operations at the time of its launch in September. The latest funding could be part of the same commitment.

Paytm Money competes with the likes of Zerodha and ET Money, run by Times Internet Ltd.

Also Read:

India Dealbook: Grasim acquires Soktas; Cognizant buys Irish firm Meritsoft

India Digest: Divi’s, Fidelity in race for Orchid; Aurobindo, Motherson in M&A

 

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.