M&A Deal Summary

Netcore Cloud Acquires Unbxd

On March 24, 2022, Netcore Cloud acquired internet software and services company Unbxd from Eight Roads for 100M USD

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

M&A Deal Summary
Date 2022-03-24
Target Unbxd
Sector Internet Software and Services
Buyer(s) Netcore Cloud
Sellers(s) Eight Roads
Deal Type Add-on Acquisition
Deal Value 100M USD

Target

Unbxd

Bengaluru, India
Unbxd is an eCommerce product discovery platform to help online retailers provide a seamless shopping experience to customers. The company deploys self-learning AI/ML models and advanced algorithms to deliver personal recommendation and merchandising controls. Unbxd is based in Bengaluru, India.

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Buyer(S) 1

Buyer

Netcore Cloud

Mumbai, India
Category Company
Sector Internet Software and Services
DESCRIPTION

Netcore Cloud is a bootstrapped SaaS company that helps B2C brands and marketers create AI-powered new-age customer experiences at every touchpoint of a customer's journey. Netcore Cloud is based in Mumbai, 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 (2022) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Eight Roads

Investor

Category Private Equity Firm
Founded 1969
Size Small
Type Sector Focused
DESCRIPTION

Eight Roads is a private investment firm focused on a variety of investment opportunities across the US, Europe, and Asia. The Firm is divided into several investment strategies including venture, principal investing, and real estate. Within the principal investments group, Eight Roads backs established growth businesses with long-term capital. Eight Roads does not have any sector preferences, but has experience in fintech, business services, and healthcare. Eight Roads is based in London.

DEAL STATS #
Overall 93 of 97
Sector (Internet Software and Services) 21 of 21
Type (Add-on Acquisition) 41 of 44
Country (India) 5 of 6
Year (2022) 1 of 2
Size (of disclosed) 16 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-09 Silq

San Jose, California, United States

Silq is a customer-obsessed freight forwarder with on-site teams who perform quality inspections and data collection. The data Silq acquire during inspections helps to identify trends from the factory floor, resulting in predictable shipping costs and transit times for customers. Silq was founded in 2020 and is based in San Jose, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-05 Amenitiz

Barcelona, Spain

Amenitiz is a developer of all-in-one property management platform for independent hotels and B&Bs. Amenitiz was founded in 2017 and is based in Barcelona, Spain.

Buy -
Mergr

Product

Company

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