Add-on Acquisition • Internet Software and Services

ANI Technologies Pvt. Acquires Qarth Technologies Pvt.

On March 21, 2016, ANI Technologies Pvt. acquired internet software and services company Qarth Technologies Pvt.

Acquisition Context
  • This is ANI Technologies Pvt.’s 2nd transaction in the Internet Software and Services sector.
  • This is ANI Technologies Pvt.’s 4th transaction in India.

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M&A Deal Summary

Date March 21, 2016
Target Qarth Technologies Pvt.
Sector Internet Software and Services
Buyer(s) ANI Technologies Pvt.
Deal Type Add-on Acquisition

Target Company

Qarth Technologies Pvt.

Chennai, India
Qarth Technologies Pvt. Ltd. is a multi bank IMPS mobile payment application that enable individuals and merchants to make retail payments.
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Buyer Overview 1

Buyer

ANI Technologies Pvt.

Mumbai, India

Category Company
Founded 2011
Sector Internet Software and Services
DESCRIPTION

ANI Technologies Pvt. Ltd. (dba Ola) is a mobile application for personal transportation, integrating city transportation for customers and drivers onto a technology platform.


Deal Context for Buyer #
Overall 4 of 5
Sector: Internet Software and Services 2 of 3
Type: Add-on Acquisition 4 of 5
Country: India 4 of 5
Year: 2016 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-11 Geotagg Technologies Pvt.

Bengaluru, India

Geotagg Technologies Pvt. Ltd. is a provider of software application on transportation solutions under challenging traffic scenarios.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-04 Ridlr

Mumbai, India

Ridlr is an end-to- end public transport ticketing and commuting app. Ridlr was established in 2010 and is based in Mumbai, India.

Buy -