9siliconindia | | DECEMBER 2021We are looking at expanding our M&A team outside India. All our M&A has broadly happened in India because we are a product of the Indian ecosystemOla acquires geospatial firm GeoSpoc On October 6, Ola moved to acquire geospatial services provider GeoSpoc. The vision of the acquisition is to build the next generation of location technology, including real-time, three-dimensional, and vector maps. As part of the Ola-GeoSpoc acquisition deal, CEO DhruvaRajan and his team of geospatial scientists and engineers would join the ride-hailing startup to develop technologies.Nykaa acquires skincare brand Dot & Key Beauty and fashion e-commerce platform Nykaa on October 22 claimed the acquisition of homegrown skincare brand Dot & Key, making it the first direct-to-consumer (D2C) beauty brand acquired by the soon-to-be listed company. As per the investment, Dot & Key would join Nykaa's stable of owned brands, the company said in a statement. upGrad unites its three India subsidiaries into one unitOn Nov 25, upGrad has announced consolidation of its three Indian subsidiaries--upGrad Campus, upGradJeet and upGradKnowledgeHut--to create one parent company in India, at a time when the wider edtech segment of the country is witnessing significant agitate.The merged entity would target to cover the entire gamut of higher educational technology offerings, catering to college learners and working professionals. upGrad intends to achieve 7.5 million registered users by 2024 by collaborating with over 1,298 universities, 3,110 corporates and expanding its network of faculty, mentors and experts to 11,078.Presently, it has over 300 university partnerships with over two million registered users across 50 countries.Nazara Technologies intends expansion in US, EuropeOn October 12, Gaming and sports media company, Nazara Technologies has taken one more step towards its acquisition process. The firm has lately secured about Rs 315 crore to accelerate its acquisition strategy, has cast its net as far as the United States and Europe.Nazara, which has actively been scouting and acquiring companies over the last five years, is now looking to fill some gaps in its casual, social multiplayer, e-sports and real money gaming sectors."We are looking at expanding our M&A team outside India. All our M&A has broadly happened in India because we are a product of the Indian ecosystem," stated chief executive Manish Agarwal. "We want to really kind of expand our M&A into Europe and US, especially in the mobile gaming space because that's where you have a long history of game development in Europe for 40 years versus India for four-five years."
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