Discover more from Rise & Shine ☀
Reliance 🤖 Addverb, Nazara 📺 Datawrkz , XBox 🎮 Activision Blizzard - 3 acquisitions 🤝🏻
Reliance Retail acquires stake in robotics firm Addverb Tech, Nazara acquires majority Datawrkz, Microsoft buys ‘Candy Crush’ and ‘Call of Duty’ maker, Funding Deals & more.
Start your day, the smart way!
Rise & Shine is your daily dose of tech news and motivation, all rolled into one.
Every morning, the latest technology news will be delivered to your inbox. You would also get a daily motivational message intended to help you start off on a positive note.
Let’s get started
Reliance Retail acquires 54% stake in robotics firm Addverb Technologies🤖
Reliance Retail Ventures Ltd, the retail unit of Reliance Industries Ltd, has acquired 54% stake in Addverb Technologies for $132 million ( ₹983 crore approximately).
India-based Addverb will continue to operate independently and will use the fresh funds received from RIL to expand business overseas as well as set up one of the biggest robotic manufacturing facilities in Noida, which will be completely automated, Sangeet Kumar, Addverb Technologies co-founder and CEO, said.
The latest investment pushes Addverb’s valuation to the range of $265 million to $270 million (around ₹2,000 crore).
The firm already has a manufacturing plant in Noida where it produces around 10,000 robots per annum.
Founded in 2016, Addverb expects to close the current fiscal year with 100% growth in revenue at ₹400 crores. Addverb has four subsidiaries located in Singapore, the Netherland, the US and Australia.
Nazara acquires majority in ad-tech company Datawrkz📺
Diversified gaming and sports media platform Nazara Technologies has entered into an agreement to acquire a 55% stake in programmatic advertising and monetisation company Datawrkz, valuing the company up to Rs 225 crore.
Datawrkz tech offerings will enhance in-house capabilities of Nazara for optimising its customer acquisition spends as well as enhance yields on ad monetisation of its large consumer base.
With this deal, Datawrkz aims to establish itself as a key player in gaming, covering both demand and supply side offerings for the gaming ecosystem in the US and India.
Founded in 2013, Datawrkz is an advertising technology firm that offers publishers, agencies and brands a range of programmatic advertising and ad monetisation solutions to improve their user and revenue growth.
Novo, a neo-bank focused on small businesses, has raised $90 million in a Series B round led by Stripes, at a valuation of $700 million.
Agritech startup Arya, has raised $60 million in its Series C funding round in a mix of equity and debt, at a valuation of $300 million. The equity round was led by Asia Impact SA, Lightrock India and Quona Capital.
Early cancer detection startup Epigeneres Biotech has raised $ 6 million in a Series B funding round led by Kotak Investment Advisors and LetsVenture Angel Fund.
Remote health management startup, Dozee, has raised Rs 71 crore in an additional funding round led by Doordash’s Gokul Rajaram.
Microsoft buys ‘Candy Crush’ and ‘Call of Duty’ maker in its largest deal ever🎮
Microsoft announced Tuesday a $69 billion deal to purchase US gaming giant Activision Blizzard, the firm behind hits like "Call of Duty" but which has been accused of sexual harassment and discrimination against women.
"This acquisition will accelerate the growth in Microsoft's gaming business across mobile, PC, console and cloud and will provide building blocks for the metaverse," Microsoft said in a statement.
In its largest purchase ever, Microsoft will pay $95 a share in cash for one of the US’s biggest gaming publishers, known for titles like Call of Duty and World of Warcraft.
Adding Activision’s stable of popular titles will help Microsoft expand its own offerings for the Xbox console and better compete with rival Sony Corp.’s PlayStation. Activision has a long history with the Xbox. Most of Activision’s games are published on Xbox consoles.
Tweet of the day🐥
🚀 Join our Telegram channel for facts, quizzes, and quotes.
Other Top Stories
🛒 Shopify, JD.com pair up in China as ecommerce competition intensifies
💲 Netflix earnings to set the pace for 2022 streaming wars
"Don't find fault, find a remedy. Anybody can complain."
- Henry Ford
Thanks for reading😊
We'll be back with more interesting stories and updates tomorrow.
You can forward this on WhatsApp by clicking here.
Hit 💜, if you enjoyed the article.