M&A Deal Summary

Capital Float Acquires Walnut

On August 21, 2018, Capital Float acquired internet software and services company Walnut for 30M USD

Acquisition Highlights
  • This is Capital Float’s 1st transaction in the Internet Software and Services sector.
  • This is Capital Float’s largest (disclosed) transaction.
  • This is Capital Float’s 1st transaction in India.

M&A Deal Summary
Date 2018-08-21
Target Walnut
Sector Internet Software and Services
Buyer(s) Capital Float
Deal Type Add-on Acquisition
Deal Value 30M USD

Target

Walnut

Pune, India
Thumbworks Technologies Pvt. Ltd. is a personal financial management app. Thumbworks Technologies Pvt. Ltd. was founded in 2014 and is based in Pune, India.

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Buyer(S) 1

Buyer

Capital Float

Bengaluru, India
Category Company
Founded 2013
Sector Financial Services
DESCRIPTION

CapFloat Financial Services Pvt. Ltd. is an online platform that provides working capital finance to SMEs in India. Capital Float offers flexible, short-term loans that can be used to purchase inventory, service new orders or optimize cash cycles. CapFloat Financial Services Pvt. Ltd. was founded in 2013 and is based in Bengaluru, India.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (India) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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