Singapore based Health Tech startup, Symple Wellness Platform [SWP] has acquired Pune-based AllizHealth, a wellness & health analytics platform for an undisclosed sum. AIH will be rebranded to ‘Vivant’, SWP’s operating brand.

Image Source – Vital

The acquisition dramatically speeds up Vivant’s expansion into the India market and brings with it a robust technology architecture, a strong operating team of almost 40 people across various functions, and close to 750,000 end customers. Three AIH Co-Founders will continue with Vivant – Chinmoy Mishra as Chief Business Development Officer, Dr. Rasmi Mishra as Chief Product Innovation Officer & Gaurav Vij as Chief Technology Officer.

The combined platform will provide a comprehensive digital health offering with over 6,500 partners with strengths across the care spectrum to empower individuals to engage with their health to get healthy, stay healthy or manage disease. The platform will also deliver solutions emphasizing maternal health, menstrual health, diabetes, orthopaedics, cardiovascular, child nutrition and elder care. Customers will also have access to Vivant’s Advisory Board, which includes internationally and nationally recognized experts across key fields that impact individual and community well-being.

Anupa Naik, CEO – Vivant, said

This acquisition brings with it an outstanding team and technology capabilities that will strengthen our ability to help customers engage with their health meaningfully and productively. This is a significant investment for us and reaffirms our commitment to the Indian market. We warmly welcome the AIH team to Vivant and look forward to working together.

Chinmoy Mishra, Co-Founder of AIH, said

We are delighted to join forces with the Vivant team and look forward to bringing our services to customers at scale. Vivant’s strong domain expertise and leadership team was a natural fit for AIH and we look to our shared future with great optimism.

About Symple Wellness Platform Private Limited

Symple Wellness Platform Private Limited is a Health Tech company based in Singapore. Through its operating brand ‘Vivant’, SWP delivers a digital healthcare platform that helps customers engage with their health across the care continuum, helping them get healthy, stay healthy or manage disease. The wide range of services include digital health records, health risk assessments, doctor consults, health check-ups, health coaches and condition management programs. For more information about Vivant, please visit Vivant

About AllizHealth

AllizHealth founded in 2013 by Chinmoy Mishra, Dr. Rasmi Mishra, Gaurav Vij and Dhairya Gupta, is a Pune based Health Tech venture. As a consumer focused ‘wellness & health analytics platform’ for early identification, tracking and management of health risks and conditions the platform enables users to store/access/share health information efficiently, track various health risks and parameters, store digitized health documents and connect with care givers. At the time of acquisition, the AllizHealth team of 40 people serves several clients from corporates & insurers to healthcare companies & retail customers with an overall end customer base of 750,000 lives.

Last year in March, Truecaller had announced its foray into the digital payments segment, incorporating UPI-based transfers in its app. Truecaller has announced a strategic investment into the payment space in India by acquiring Chillr, India’s first multi-bank payments app launched in 2014.

Image Source – Chillr

The founders of Chillr, Sony Joy, Anoop Sankar, Mohamed Galib and Lishoy Bhaskaran and the rest of the organization will be joining Truecaller, and Sony Joy will be the Vice President of Truecaller Pay. Chillr’s team of engineers and designers have a profound understanding of mobile payments, and a deep passion for products that they will now bring to Truecaller. The company plans to leverage its full reach of over 150 million users in India as well as its 300+ existing partnerships in India to enable Truecaller Pay as a platform.

Nami Zarringhalam, CSO – Truecaller

Nami Zarringhalam, Truecaller Co-founder & Chief Strategy Officer, said

Since launching Truecaller Pay in 2017, we have seen an increasing number of use cases to make the lives of our users in India easier. By acquiring Chillr, we are reaffirming our commitment to mobile payments and strengthening our plans to increase its adoption amongst our user base. We will, together, have a far bigger impact in this space through the foundation of the team’s expertise and a strong user base that trust our platform and use it on a daily basis.

Sony Joy, Co-founder & CEO – Chillr

Sony Joy, Co-founder, Chillr, said

After spending time with the founders and the Truecaller team, we have realized that we share a lot of synergies; values; culture; and a sharp focus on user experience. Our roadmap on payments and financial services which when combined with the scale and resources of Truecaller, can create amazing experiences and solve genuine problems at an accelerated pace.

About Truecaller

People use Truecaller to stay ahead. It helps them know who’s getting in touch, filter out unwanted calls and SMS, and focus on what really matters. The company provides a suite of unique services such as a dialer that offers caller ID, spam detection, messaging and more. Truecaller’s mission is to build trust everywhere by making communication safe and efficient. Headquartered in Stockholm, Sweden, the company was founded in 2009 by Alan Mamedi and Nami Zarringhalam. Investors include Sequoia Capital, Atomico and Kleiner Perkins Caufield Byers.

With the launch of Truecaller Pay 2.0, the company has brought banking and payments features to the forefront of its app, and in the coming months Truecaller is planning on rolling out credit and other financial services to users in Indiain a mobile-first way.

Swiggy, India’s largest food ordering and delivery platform announced that it has acqui-hired Bangalore-based gourmet Asian food startup 48East, founded by food industry veterans Joseph Cherian and Nabhojit Ghosh.

Both will join Swiggy’s New Supply business line. As COO of the New Supply business line, Cherian’s expertise in the food infrastructure space will further strengthen Swiggy’s focus on solving for gaps in consumer supply through various strategic initiatives. This includes the recently launched Swiggy Access, where the company brings a variety of food to consumers by enabling plug-and-play expansion for restaurant partners in different areas.

While the food landscape in the country rapidly expands, numerous areas and scenarios or use cases remain under-served. Over the years, Swiggy has been exploring innovative ways to address this by providing solutions for the availability, quality and convenience of food. With Cherian and Ghosh, the company will be able to take this a notch higher as it looks to serve consumers more efficiently and grow the market.

Talking about the acqui-hire, Sriharsha Majety, CEO, Swiggy said

With their deep understanding of the food space and an impressive track record of delivering a great consumer experience, the 48East team will equip Swiggy with additional capabilities. We are excited to work with them towards our vision of changing the way India eats.

MSD Telematics Private Limited, a Gurugram based telematics solutions firm, announced the acquisition of Heuristics Info Systems in an all cash deal. Sparrow Business Solutions LLP, a boutique corporate finance firm acted as the exclusive advisors to MSD and Heuristics on the transaction and TRA Law acted as the legal advisor on the deal.

Image Source – LinkedIn

Ashmeet Singh, founder of MSD Telematics commented

This investment will fuel our ability to deliver greater value to customers by enabling us to offer complete bouquet of services. We are excited to have the Heuristics team join us in this exciting journey. Together we look forward to grow multi-fold in the next few years. Heuristics gives us the ability to now service international clientele with innovative and robust software solutions.

With the tremendous growth in Transport Tech and Logistics Tech space, telematics as an industry will see fabulous growth in the years to come.

Siddharth, investor at MSD Telematics said

It is time we function as business intelligence partners for the customers, helping them drive operational efficiency while reducing costs and risk. Telematics companies need to create unique positioning products that help customers grow their business.  We need to educate customers about numerous applications of telematics and collaborate towards increasing penetration in the domain for a sustainable growth and benefit of all the stakeholders.

Heuristics, founded in 2008 by Amit Dubey and Pradeep Rai offers Vehicle Tracking System and Mobile Application software while providing unique cost effective quality solutions to various industry segments. Following the acquisition Amit Dubey, Founder Partner Heuristics Info Systems, would be joining MSD Telematics as a board advisor.

Commenting on the deal, Rohit Bhargava, partner at Sparrow Business Solutions LLP said

This is probably the start of consolidation in the industry. Few large players will emerge in the next few years to take leadership positions in the USD 120 Million telematics market in India.

About MSD Telematics

MSD was founded by two friends Ashmeet Singh and Siddharth in 2011. MSD focuses on telematics integration, GPS based tracking/remote asset management, mobility solution and all M2M solution based products. Company caters to various industrial verticals like logistics, transportation, schools, public distribution system etc. Telematics solution is offered under the brand name traQmatiX.

MSD serves corporate and government corporations by offering customized solutions on OPEX basis and on a turn-key basis. MSD counts HPCL, State Election Commissions, State Food Corporations and Excise Departments as some of its clients.

About Sparrow Business Solutions LLP

Gurugram, Delhi NCR, India based Sparrow Advisory was set up in late 2014. Sparrow Advisory serves clients in Thailand, Indonesia, Malaysia, Singapore and Sri Lanka across sectors including Auto Components, Water Treatment, Renewables, Consumer Goods, Vacation Rentals, Fitness Industry and Data Analytics.

GO-JEK, Indonesia’s largest start-up has acquired Pianta, a Bengaluru-based home healthcare services start-up for an undisclosed amount. This is the third Indian acquisition by the Indonesian unicorn following its previous buys in 2015:Bangalore-based C42 Engineering and Delhi-based CodeIgnition. The acquisition will help fast track the development of GO-JEK’s logistics and transportation platforms to support its fast-growing Indonesia operations.

As part of the acquisition, the newly acquired firm will be wholly integrated into GO-JEK’s India arm, GO-JEK Engineering India. Based in Bangalore, GO-JEK Engineering India focuses on product innovation, mining data and crafting consumer experiences for its parent company GO-JEK. The company is looking to double its existing India headcount of 70 employees in the coming months.

Nadiem Makarim, Founder and CEO of GO-JEK Indonesia said

At GO-JEK, we constantly seek to continue to push the boundaries of innovation. Pianta’s role will be very important to strengthen our technology excellence to bring the best services for customers. We believe this acquisition will advance our mission to become the largest on-demand application of choice for all Indonesians.

Run by SLX Logistics Pvt. Ltd., Pianta is a marketplace for home healthcare services that helps discover and book appointments with healthcare providers who provide home visits for physiotherapy, nursing and lab sample collection. The start-up had raised an undisclosed seed funding in May 2016 from Freecharge founders Kunal Shah and Sandeep Tandon.

Founded in 2015 by former Ola and Flipkart executives Swaminathan Seetharaman, Ganesh Subramanian and Nitin Agarwal, Pianta has over 250 home service providers listed on its platform. Seetharaman has worked with Ola as vice president of engineering while Subramanian was earlier principal architect at Ola. Agarwal was earlier a director of engineering at Ola.

The acquisition will see the three co-founders strengthen the core leadership team at GO-JEK Engineering India, led by Sidu Ponnappa, whose tech firm C42 Engineering was bought in 2015 by GO-JEK, as its Managing Director.

Swaminathan Seetharaman, CEO & Co-founder, Pianta said

GO-JEK provides us with a great opportunity to leverage the capabilities that we at Pianta have built in the domain of on-demand delivery and logistics. It presents us with a large canvas to create a much larger impact and to create it faster

Funded initially by the likes of Sequoia Capital and Yuri Milner’s DST Global, GO-JEK is currently the fastest growing start-up in South Asia and the largest in Indonesia in terms of valuation, funding raised and number of transactions. Having started as a bike-taxi business, the start-up has diversified into food delivery, one-hour courier delivery, grocery delivery and even has aggregated trucks on its platform. It has partnered with 200,000 motorcycle drivers and 5,000 trucks across Indonesia, all of whom, collectively cover an average distance of 4.5 million kilometres daily.

Last month, GO-JEK had secured more than $550 million in a new round of funding led by KKR and Warburg Pincus LLC, the largest ever for an Indonesian technology start-up. The start-up competes against the likes of Uber and Grab, two private car-hailing start-ups in Indonesia’s burgeoning ride-hailing industry.

With over 20 million app downloads, GO-JEK’s platform powers the Indonesian equivalents of Ola, Paytm, Swiggy, Grofers, Zomato, Dunzo and UrbanClap at a comparable scale. Its GO-FOOD business alone does more daily orders than all Indian food tech start-ups combined.

The company is actively looking for talent for key operations like data science, mobile, security and DevOps as it looks to shore up its technology operations in Bangalore and Singapore.

About GO-JEK Engineering India

GO-JEK Engineering India is the Bangalore-based product development centre of GO-JEK., Backed by Sequoia Capital India and DST Global, GO-JEK is one of the most watched start-ups in Southeast Asia having acquired two Indian technology companies – C42 Engineering and CodeIgnition in 2015. The GO-JEK Engineering India team comprises of developers, data scientists, designers and product managers who work on product innovation, mining data and crafting consumer experiences. The company takes pride in its world-class product engineering team who have a deep-rooted passion for working with the engineering community in India on topics such as innovation, education and Open Source. For more details about GO-JEK, please visit www.go-jek.com

Spinny, a Delhi based startup in the used car industry, has recently completed the merger of HopCar, another startup in the same industry. The merger will allow Spinny to strengthen its consumer products as well as the development of its technology while at the same time streamlining operations to achieve greater efficiency.

HopCar was established in August, 2015 to provide consumers with a one stop solution to buy and sell used cars. The online vertical focused on giving consumers value, trust, and convenience and targeted the information asymmetry of the used car market. In a similar vein, Spinny was established with the prime directive of improving the consumer experience and their interaction with the used car market. HopCar had been working to provide customers all the relevant information they required, whether they were buying or selling, so as to ensure information asymmetry didn’t take place at any point in the transaction.

Image Source - MySpinny
Image Source* – MySpinny

HopCar’s founding team includes Arijit Biswas, Rahul Thakur, Anish Karan and Rahul Anand and between them they are bringing a wealth of experience and innovation to Spinny.  The approach and the experience of the HopCar fit well with Spinny, which was the prime motive behind the merger.

On the occasion, CEO and Co-founder of Spinny, Niraj Singh said

The used car market is a very fragmented segment with many different players tackling the same issues in their own ways. HopCar was one such player who were working on very similar lines to our own at Spinny. The technology they were developing, their work philosophy, and their approach to the market made the merger with HopCar a natural choice. The merger brings immediate benefits for Spinny as it will allow Spinny to further strengthen its position in the Delhi-NCR region and bring greater efficiency to our operations in Bengaluru as well.

Adding to this, Co-founder of HopCar and now a core team member at Spinny, Arijit Biswas said

Our experience in the used car market has shown us that the issues in the market were too great to solve alone. However, finding a partner to tackle these issues wasn’t so straightforward either. Spinny’s vision synced naturally with our own and we look forward to working with Spinny and their team to deliver a satisfactory consumer experience.

Both companies were working on their own Price and Rating Engines. Through this merger, the engines will be combined, improving the accuracy and depth of the engines. This will help Spinny roll out fully featured and developed Algorithmic Engines that will help the consumer to understand the reasoning behind the pricing and certification provided by Spinny.

HopCar’s merger places Spinny in an advantageous position in the Delhi-NCR pre-owned car market. The company is currently streamlining its operations in Bangalore and looks to expand into Tier I and Tier II cities by the end of 2016. The introduction of the Price Engine and Rating Engine in the coming months will allow Spinny to better cater to consumer needs while at the same also further improve the overall consumer experience for people looking for a reliable, data-driven, and transparent platform to buy or sell pre-owned cars.

Bengaluru-based conversational m-commerce start-up, Goodbox has acquired SmartPocket for an undisclosed amount. SmartPocket started out as a mobile app that allowed customers to digitize their loyalty cards. They were working towards making SmartPocket the online wallet for customers to make online payments, place orders with offline partners as well as store all their virtual cards in one place.

SmartPocket was co-founded by Kiran Shastri and Mayank Shah. They will be joining the leadership team at Goodbox post acquisition. Goodbox enables small businesses to become e-commerce ready, on the Goodbox app, within minutes by providing seamless discovery, ordering and payment. Consumers can buy directly, over messaging, from their trusted stores across multiple categories without having to download multiple apps.

Abey Zachariah, CEO & Co-founder of Goodbox said

The SmartPocket team is very talented and tenacious. During our discussions with them, we realized we share a similar vision and it made sense to join forces to empower millions of SMEs to come online. We are building very strong mobile capabilities and this is a step towards that objective. We are very excited to be building Goodbox along with them.

Kiran Shastri, CEO & Co-founder of SmartPocket said

We are excited about joining the team at Goodbox. We have a shared vision and now a shared goal. At Smartpocket, we wanted to create a marketplace with a focus on repeat business and customer loyalty through a digital wallet. We will now look to bring that mindset, technology and expertise with us into Goodbox. There is a clear need among businesses for a platform that enables them to sell on mobile and Goodbox is catering to that need -while it creates one of the largest consumer platforms that enables them to buy directly from their trusted businesses on a single app.

Goodbox had recently announced its Series A funding of $2.5 million from Nexus Venture Partners.

About Goodbox

Goodbox gives an app presence to businesses. It enables a business to create a storefront on the Goodbox app. Businesses want to adopt new technologies such as being on app, having a storefront and being able to interact with their consumers real-time. However, creating or maintaining an app is a very costly and complex affair. Goodbox enables SME businesses with an app presence within 5 minutes at an unbelievably low price, along with a payment gateway. Businesses can host their menu on the app and create their business profile as well. Every business can now be on the Goodbox app and start conducting commerce with their consumers. Goodbox app for Android can be downloaded from here

[Image Credit* – IndiaWeb2]

Helpchat, a chat-based personal assistant app that helps you get more things done, has agreed to acquire Mumbai-based start-up Niffler for an undisclosed amount. Niffler was incepted as a discovery platform for users to access deals & discounts from local brick and mortar stores. It recently introduced chat-based interactions between consumers and local businesses. This makes Niffler a perfect DNA match for Helpchat and the acquisition is a step further in the consolidation of Helpchat’s dominant position in the chat-based personal assistant eco-system in India.

HelpChat_Niffler

Both Niffler and Helpchat share the common vision of facilitating the everyday life and tasks of consumers with the right information over the highly convenient and quick medium of chatAcquisition will also enable Helpchat to launch its services in Pune and Mumbai faster as Niffler already has a presence in these key markets. Post the acquisition, the entire team at Niffler will join Helpchat.

Ankur Singla, CEO and Founder, Helpchat said

We are geared for aggressive pan-India growth in the coming few months. The acquisition of Niffler is one of the first major steps in this direction. Niffler team has expertise on community-driven experiences and retailer supported commerce.  They share our vision of enabling consumers to get more done through chat-based personal assistance. Acquisition will also help Helpchat accelerate the growth of its personal assistant engine across the areas of offline commerce and local deals based on user’s intent.

We are thrilled to have the Niffler team on board and look forward to their contributions in further bolstering Helpchat’s position as a smart personal assistant app for the Indian consumer

Edul Patel, Co-Founder Niffler said

In Helpchat we found the perfect partners to further our mission of plugging the information gap that exists in India. We share Helpchat’s vision of assisting consumers in getting more done by doing less, using its chat-based personal assistant app. We look forward to combining our brand synergies and expertise with theirs and setting new benchmarks in the way consumer-get their daily task done in India.

Co-founded by Edul Patel, Prince Arora and Viraj Shah, Niffler was launched in July 2014 with the objective of providing a location-based contextual offers and deals discovery platform for the Indian consumers. It had raised funding worth $1 million in March 2015 from SAIF partners.

About Helpchat

Helpchat is the personal assistant app that helps you get more things done. Be it anything, from recharging your phone to tech support, from travel booking to holiday guidance, from ordering food to shopping assistance to finding deals & coupons, from finding gifts to suggesting the best electronic item, from doing a web check-in to getting your laundry done – Helpchat can get all of them done for you.