Delta corp looks to buy ace2three.com

Rummy is one of the most popular card games. Hyderabad based Head Infotech Pvt Ltd operates ace2three.com, an online website that offers users to play premium and free games of the 13 card Indian game, Rummy. With all the fame it has gained through time, Delta Corp., India’s only listed casino operator may soon own the rummy website. There are talks that Delta Corp. may soon buy Hyderabad based ace2three.com website  for $80-100 million. The talks are still in exploratory stages.

Delta Corp is the last and the only listed company within the gaming and hospitality sectors of this country. It is a possessor of three out of 6 possible offshore gaming licenses in Goa. It looks to expand furthermore in near future. After taking over India’s largest poker website, adda52.com, Delta Corp. is in an explanatory stage with ace2three.com with the transaction. ace2three.com boasts of over 7 million users and and an annual turn over of Rs.200 crores.

We wish the team of ace2three.com all the best and definitely believe that this will be a boost to a lot more startups.

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Is technology the best way to a quick startup success/exit? 

Great news this week about a 3-year old startup from Hyderabad, Tuplejump, being acquired by Apple. They were in the big data space building a product that allowed use of nosql databases. Deep tech mumbo jumbo. But, think about it. When starting up, how does one pick the idea to pursue? Sometimes, there are a lucky few, where in their immediate experiences they come across a problem that deeply resonates and then find a solution for that. How about the others?

One common path is to take something that worked elsewhere and pivot it to make it work in a different context or geo or domain. Many startups that have done phenomenally well with such ideas. Amply demonstrating, rarely is it the idea that determines success. It is always the team and execution that determines the success.

And then there are people that have knowledge and  experiences that are a bit removed from real world problems or use. Like say a hard core techie that builds solutions based on specifications given. Here the rei sno understanding of the customers domain nor empathy of the customer’s problems. Just specifications, to design and build and deliver to. Now even here there maybe a startup opportunity. To build a technology platform.  That other techies may use to build their end solution. Here no business domain or customer context needed. Just an understanding of how someone builds solutions.

This is exactly what the startup Tuplejump did. Built a technology product that other techies and developers will use. Built it to enable access to new types of data with new ways of storing data that was rapidly coming up as users got more active in the internet and enterprises went more actively to the cloud. Data was now more to mine insights into what users we redoing and less about transactions user performed. And this was a solution with a global appeal. That caught Apples interest.

Is this a way to build a product that can grow very quickly or get aquired more easily? Maybe.

Tuplejump

Apple acquires Hyderabad based machine learning startup Tuplejump

 

Today is definitely one of those historic days for startups in Hyderabad when Apple, one of the most successful multinational organisations in the world, confirms the acquisition of the Hyderabad-based big data start up, Tuplejump.

Founded on the 29th of May, 2013 by  Rohit Rai, Satyaprakash Buddhavarapu and Deepak Alur, Tuplejump was well acquainted with open source big data tools. It is a smartly amalgamated and a perfectly designed platform to speed up development and ease the operations for modern big data solutions. It aims to bring new and fresh experiences to data processing and modern visualisation framework. Tuplejump also built an open source search indexing system called Stargate that works with data stored in Cassandra and relies on the fundamentals of the Apache Lucene full-text search software.

Tuplejump

Apple particularly got interested in FiloDB, an open source project built by Tuplejump to effectively apply machine learning analytics to complex data and Tuplejump is the third machine learning and big data startup that Apple has acquired this year. The company’s website has been shut down after the news of acquisition.

Cheers to the trio and to the organisation for writing history in their own terms. We, the team of startupHyderabad.com congratulates the entire team for achieving this huge feat. We give our heartfelt wishes for the trio to become all the more successful and keep making trademarks as such.

Hyderabad based SBricks acquires HomeCues

Hyderabad based startup SBricks that is into facility management and home services and acquired another Hyderabad based start-up HomeCues, an aggregator of  housekeeping services in an all stock deal.

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The CEO of SBricks, Nithin Devireddy, said that the similarity in the businesses of the two companies provided an ideal opportunity for a merger. “We thought this would be good synergy, bringing together our last-mile ownership and their aggregator model under one umbrella. We are aiming at standardising home services. Once we have created a perfect model in Hyderabad, replicating this to other cities is not going to be a problem” said Devireddy.

HomeCues, operated by Homefix Technologies India Pvt. Ltd, claims to have handled about 25,000 clients since its inception in 2014 while SBricks claims to have serviced over 50,000 customers since 2015 . SBricks currently offers their services in 5 cities.

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Earlier in 2015, SBricks had acquired another facility management services company called Melway. Also, SBRICKS featured as part of Hyderabad Hottest 10 Startups by Hysea

Say ‘Hello’ To Your ‘First Meal’

Continuing its commitment to offer healthy food with convenient packaging and quick delivery service, Hello Curry, South India’s Best QSR Chain, announced that it was acquiring The First Meal, a food delivery startup that takes pre-orders from customers through its robust subscription platform, later today. The terms of the deal remain undisclosed, but it consists of both cash and stock.

This acquisition helps Hello Curry to penetrate into the breakfast and meal box segments through their subscription framework. Balanced meals have always been overlooked in the Indian sub continent, but there is a change now, where customers are opting for right balanced food. The First Meal’s  “Meal Box” is consciously prepared by food experts keeping in mind the nutrition values of several ingredients that go into the making. With their “subscription only” First Meal is offering various packages to customers ranging from 1 week and up to a month, giving tremendous flexibility in customizing the food as all orders and preferences are known fairly in advance.

The CEO of Hello Curry, Raju Bhupati is on a roll & excited about the possibilities – “While there is a churn in the food delivery industry, we are well-poised for huge growth due to the strategic decisions we have already made and our strong commitment to delivering high quality, healthy food. In a marketplace that has no entry barriers, we think of ourselves as a long distance runner. Our focus on quality and predictability has already endeared our customers. We highly prize it. It is this trust that makes our aim to mark 5000 meals per day within the next 6 months an undaunting prospect through this First Meal acquisition”

While Sandeep Penmatsa, Co-Founder and Chief of marketing, explains, “In the current context of exaggerated completion where several street-side food vendors are delivering food at 60-80 rupees, quality standards of food took serious beating and the hygiene is heavily compromised. From the inception of Hello Curry our focus has always been towards giving the most hygiene food to customers and with this acquisition our commitment towards delivering the best food will further be strengthened as we know what to prepare for lunch and for how many. As the predictability of orders grows up our systems efficiencies will substantially increase. Our delivery boys can carry multiple orders at a time and our infrastructure and man power can be highly optimized. We can also offer wide range of food choices to customers through this subscription framework. We will conquer Hyderabad market in the next 3 months and will look forward to enter into Bangalore and other key cities of India.”

Started in the middle of 2015 by entrepreneurs Yuv Raj Poosarla, Saswata De and Suraj Subedi along with Ravi Varma and Sathvik Ponangi, with help from mentor Joginder Tanikella, The First Meal has become rapidly popular in the breakfast segment and acquired a huge loyal customer base. It serves 5 types of diet balanced items for breakfast, and reaches upwards of 10,000 boxes monthly, with 89% customer retention rate, highest in the industry.

Since it’s inception as a “Delivery Only” brand, Hello Curry has garnered immense appreciation from thousands of satisfied customers. It is one of the first few food start-ups in India that focuses heavily on technology to enhance customer experience and refine operational efficiency. This acquisition promises to bring you hearty meals and a smile on your face.

Hello Curry acquires The First Meal
Hello Curry acquires The First Meal

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Read more about The First Meal & Hello Curry from us.

Shuttle service provider Commut raises funding from 50K ventures

Today is a surely a great day for the team of Commut – they have two reasons to celebrate the weekend with a bash.

Firstly, they have been successful in raising a funding of $200, 000 from city based 50K Ventures. Secondly, Sudhakar Pasupunuri, one of the co-founders of Redbus has joined the board of Commut.  50K ventures is a seed fund platform for tech startups at the earliest stage of their life-cycles and connecting them with dedicated mentors and launching into different markets.

‘Commut’, a minibus shuttle service for daily office commuters operates air conditioned mini buses at high frequency in popular routes at very affordable prices. The app enables you to book your ride from a specific pickup and drop point (point to point service). This startup is the brainchild of a bunch of IIIT-ians from Hyderabad, Prasanth Garapati, Hemanth Jonnalagadda, Sandeep Kachavarapu, Charan Thota, Srujai Varikuti. StartupHyderabad.com had featured Commut earlier this year.

“With this round of funding, we hope to reach 2,500+ rides per day in three months and 5,000+ rides per day by the end of the year.”, quotes the excited co-founder, Prasanth Garapati.

Commut has experienced over 500+ daily users and over 5000+ user registrations in a span of just 4 months since its inception. Today, it has successfully served over 17, 000 bookings and with the funded amount it plans to build technology, expand its operations and build its team.

This startup had recently acquired another city based startup  H2O cabs as well. Commut is surely climbing up the ladder of success to fulfil the dreams of the co – founders while solving the base problem of transportation in the city.

Kudos to the team and hearty congratulations for all the good things that have just happened to you guys!

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Startup Hyderabad – Funding round up from 2015

2015 started with a big bang for Startups in Hyderabad. The city witnessed fundings, launches, events and a gamut of other activities resonating the vibrant startup ecosystem we have here in Hyderabad. From Amazon, Google, Infosys announcing their campus in Hyderabad to Ratan Tata & Satya Nadella vsit to the T-Hub the city has witnessed it all!

ekincare-logoThe year started with two startups announcing raising angel rounds. eKincare raised Rs. 2 crore from Bitchemy Ventures and Adroitent Pvt Ltd while VioletStreet raised the same amount in an angel round led by Venkat Vallabhaneni and Srinivasa Rao Paturi.

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Mobile Tech startup Appvirality raised a seed round from industry prominent investors including Rajan Anandan (Google India), Mike Galgon (aQuantive), Ravi Gururaj (Nasscom), Ashim Mehra (Baron Capital), Mohit Saxena (InMobi), India Internet Group, and TNN Capital. The Hyderabad based mobile growth hacking startup later raised a second round of funding of $500,000 from its existing investors, new angels, and Clicklabs.

MapmyGenome raised $1.1 million in a pre series A round from a group of angel investors.

Four startups, Hosteldunia, Enabli, Play your sport and YoGrad.com got funded at the TIE startup heroes in Jan 2015 and three more startups Carving Notions, SunwizTech and Driverr won Rs.15 lakh during TIE HYderabad’s Smashup August edition.

Hyderabad based interior designing technology startup Renderlogy raised a funding of Rs.10 Crore from Brick Eagle Capital advisory, a financial services platform for the affordable housing industry.

Truweight Wellness, a startup that provides weight loss solutions using their ‘Super Foods’ concept raised Series A funding from Kalaari Capital.

ManageMySpa raised $6 million funding from Accel Partners as Series A investment.

At the August Fest, TinMen won a seed fund of Rs. 5 Lakhs, a no strings attached cash prize for being the most promising startup to have pitched at the event.

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flatpebble.com, an online marketplace that helps people hire high-quality photographers, videographers and stylists,  raised $600,000 from Indian Angel Network (IAN)

CanvasFlip, a platform that allows product managers, UX teams, and entrepreneurs to validate their ideas and check user experience without having to write any code by hand raised a funding of $1.2 million from Bessemer Venture Partners, a Silicon Valley based Venture Capitalistfirm.

Paytm invested an undisclosed amount in the city based startup Abhibus, India’s fastest growing online aggregator of bus tickets inventory across India.

Stockroom.io , a startup that helps web developers create their portfolio with just a click raised a seed fund of $70,000  from an undisclosed angel investor.

Giving tough competition to firms like Carpool by Meru, BlaBla Cars and Tripda, Hyderabad based Zify.co, a car ride sharing service provider,  successfully raised $190K from SOSventures and two other Hyderabad-based angel investors. RideIT, another carpooling app raised $115k as angel funding from a Hyderabad Angel investor.

Hitwicket, a web and app based cricket management game, announced an investment of $ 250,000 from The Chennai Angels (TCA) in November 2015.

MySmartPrice, an online price comparison and product discovery platform secured $10 million in Series B  funding led by Accel Partners with participation from Helion Venture Partners.

PlanetGogo,  a personalised content discovery app raised an undisclosed amount from HT Digital Media Holdings Ltd and US-based investment firm North Base Media (NBM). The founders are alumnus of ISB, Hyderabad and IIIT, Hyderabad.

NumberMall Pvt Ltd, an online payment gateway services startup enabling users to recharge their mobile phones and book bus tickets online raised an undisclosed amount in equity funding from SRI Capital, an early-stage VC fund run by angel investor Sashi Reddi.

VDeliver, a hyper local delivery services for both businesses and individual customers raised an undisclosed amount as seed fund from Boss Consulting Pvt Ltd.

 

Acquisitions:

Hyderabad based Hello Curry acquired Delhi based startup Paratha Post in April 2015 and acquired another Hyderabad based startup Fire42 in July 2015.

NIIT acquired 51% stake of Hyderabad based Incessant Technologies, a global end to end BPM solutions provider for $17 million (about Rs.107.8 crore)

Khalil Ahmed, a co-founder and former executive director of Shanta Biotech has acquired Hyderabad House for an undisclosed amount. The acquisition is through Food Krafters & Services, an LLP company promoted by Khalil Ahmed and his daughter Sumaiya Khalil.

Snapdeal acquired Hyderabad based mobile technology startup, MartMobi at an undisclosed amount.

Hyderabad-based NumberMall, a payment gateway company providing ticketing, payments and e-commerce services, acquired Delhi-based analytics firm, BankSmarts Solutions, for an undisclosed amount.

Suvidha info serve acquired city based startup Aasaan Pay for $ 2 Million.

Is there any funding news that we missed? Please share it with us here  and we will add it to our list. Thanks in advance!

 

Hyderabad-based start-up NumberMall acquires Banksmarts

NumberMall, Hyderabad-based payment gateway company providing ticketing, payments and e-commerce services, has acquired Delhi-based analytics firm, BankSmarts Solutions, for an undisclosed amount.

The acquisition will enable the parent company to enhance its analytics ability, customer reach and merchant offers. NumberMall was started with the vision to empower small merchants with technology.

NumberMall was started in the year 2012 by Kiran Gali with the aim to provide an all-in-one mobile recharge platform. It soon added to its hat, services like DTH, bus tickets, deals, load wallet, money transfer, e-commerce, among other things. Shashi Reddy, who guides NumberMall on strategic partnerships, invested in the business $1 million in 2015. NumberMall claims to have provided services to over 30 million customers through its 16,000 touchpoints.

BankSmarts Solutions was founded by Subinder Khurana in 2013 to enable marketers reach their customers through solutions that include proprietary intellectual property, work on streaming big data, and leverage predictive analytics, operations research, and machine learning.

In an interview to a website, Khurana said that analytics will play a larger role in providing value for customers and the company is looking forward to working closely with NumberMall to provide smooth transition and quick transactions.

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Hellocurry acquires Hyderabad based Fire42

Hellocurry
After acquiring Hyderabad-based food delivery startup Paratha Post in April 2015, Hello Curry makes its second acquisition in less than three month. Hello Curry acquires Tech startup Fire42 in a part tech and part stock deal to transform Hello Curry into a food tech firm.

Quoting the founder Raju Bhupati, “The idea is to transform Hello Curry into a food tech firm. Acquiring a tech company like Fire42 and then building unique features from the cumulative experience we have on top of this platform will provide us a definite edge.”

Fire42 is an end -to- end cloud based restaurant management solution that takes care of POS, inventory management, marketing, CRM, loyalty and more using a single platform. Fire42 has been founded by Santosh Achari who will now join the Hello Curry team as their CTO. Santosh Achari is a graduate of the Indian Institute of Technology( Banaras Hindu University ).

This acquisition will help Hello curry add analytics and manage POS and operational services as they look to aggressively expand their presence throughout India. It is said that they are also in talks with a Mumbai & Delhi based logistics company.

Snapdeal acquires Hyderabad startup MartMobi

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Snapdeal has acquired Hyderabad based mobile technology startup, MartMobi. The amount of acquisition is undisclosed, but one of the senior executives at Snapdeal states that this move is going to help the company strengthen its mobility platform for merchant partners in the mobile sector.

“We are focusing on mobile platform as about 75 per cent of orders are coming from mobiles-based devices. On the merchant side too, we are witnessing similar trends. The MartMobi team is a great addition as it will help strengthen the platform for sellers,” Snapdeal co-founder and COO Rohit Bansal told PTI.
MartMobi is founded by Pramod Nair and Satya Krishna Ganni and currently has a team of 15 members when it was acquired wholly by Snapdeal. In its years of operations, today has over 150 clients to whom this firm enables uninterrupted connectivity with customers. This firm also extends back end system support in addition to real time analysis of conversions and user engagements.

When asked if MartMobi will continue to work as a separate entity, Bansal said: “We are still working on the roadmap ahead. But their expertise will definitely be integrated with our platform.” Snapdeal was pioneered by Kunal Bahl, who is a Wharton graduate as part of the dual degree M&T Engineering and Business program at Penn, and Rohit Bansal, an alumnus of IIT Delhi in February 2010.

Snapdeal is on an acquisition spree and had recently acquired Freecharge and picked up a major stake in GoJavas and RupeePower. Flipkart has recently acquired Appiterate, a mobile engagement and marketing platform for native apps for an undisclosed amount. The wars of acquisition in the e-commerce industry is on and it is yet to decide who is superior to the other. Nevertheless, this war proves beneficial for the customers, because in the state of this cold war, the companies come up with best possible offers for the users.

Here is our previous article on martmobi how they are disrupting the m-commerce app development industry