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M&A Deal Summary

Clip App Acquires Clorik

On August 8, 2018, Clip App acquired internet software and services company Clorik

Acquisition Highlights
  • This is Clip App’s 1st transaction in the Internet Software and Services sector.
  • This is Clip App’s 1st transaction in India.

M&A Deal Summary
Date 2018-08-08
Target Clorik
Sector Internet Software and Services
Buyer(s) Clip App
Deal Type Add-on Acquisition

Target

Clorik

Bengaluru, India
Clorik is a regional language content discovery platform. Clorik was founded in 2016 and is based in Bengaluru, India.

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Buyer(S) 1

Buyer

Clip App

Bengaluru, India
Category Company
Founded 2017
Sector Internet Software and Services
DESCRIPTION

Transversal Tech Pvt. Ltd. is a video-sharing platform. Clip allows users to create, edit and share short 60-second video clips. Transversal Tech Pvt. Ltd. was founded in 2017 and is based in Bengaluru, India.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2018 M&A 1 of 1
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