L & T Technology to acquire Dell engineering services

Larsen and Toubro Limited is an Indian Multinational Conglomerate headquartered in Mumbai, Maharashtra. The company has business interest in engineering, construction, manufacturing goods, information technology, and financial services. It was recognized as the company of the year in Economic Times 2010 Awards.

Dell is an American privately owned Multinational computer technology based in Texas, United States. It sells personal computers, servers, data storage devices, network switches, software, computer peripherals, cameras, printers, and electronics built by other manufacturers. Company is well known for its innovation in Supply chain Management and E-commerce business.

L & T Technology services is going to buy Engineering services division of US based Dell Inc. The deal has got the nod of Competition Commission of India (CCI) and is waiting for approvals from US regulatory. This acquisition will help L & T establish itself as a premier engineering services provider by adding local delivery centres in North America. This strategic acquisition will strengthen L & T technology services global position in the $4 Billion transportation engineering research & development market.

Dell engineering services has delivery centres in Hyderabad and Bangalore, India. According to a comment mentioned by L & T chief executive Keshab Panda has said that the company will not spend more than $50 Million on any acquisition. In June this year, L & T Technology services acquired 74 percent stake in Thales Software India Pvt. Ltd. to grow its avionics Business. Recently, L & T said that it is planning to start its IPO process for both its technology subsidiaries i.e. L&T InfoTech and L&T Technology services by 2016.

This is the first acquisition this year in technical industry by an Indian company acquiring US Company. Other than this, Indian Internet firms are expanding their business internationally and one of them is Zomato. Jabong has already entered into UK market with a small office in London. Rocket Internet Printvenue is also entering into Australian and Singapore market. 

Zomato acquires Poland Gastronauci

Deepinder Goyal and Pankaj Chaddah as Foodiebay founded Zomato in 2008. Starting with 1200 restaurants in and around Delhi, they quickly expanded to Kolkata, Mumbai, and Pune. In 2010, Info-edge invested $1 Million in the company. In 2010, it rebranded as Zomato to have a brand name that was short and easy to remember.

In the recent news, India based online and mobile restaurant search and discovery services acquired Poland’s leading restaurant service Gastronauci. This was Zomato fourth acquisition in last three months and they have now increased their presence in 16 countries. Ola Lazar founded Gastronauci in 2007. Zomato wants to be Google of food and presently they are in aim of covering Central and Eastern European Market.

Backed by $37 Million it raised from Sequioa Capital and Info-Edge in 2013 it acquired three more firms this year. These include New Zealand based restaurant service MenuMania in July 2014, Czech Republic based restaurant guide Lunchtime.cz, and Slovakia popular restaurant guide Obedovat.sk. Zomato now provides information over 260,000 restaurants across 16 countries. The market it operates includes UK, UAE, South Africa, New Zealand, Philippines, Portugal, Brazil, Chile, Turkey, Indonesia, Srilanka, and Qatar. It also operates across 35 cities in India.

In India, it provides information on over 60,000 restaurants. In the next one year, Zomato plans to enter into nine new markets these includes Canada, Ireland, Malaysia, Vietnam, Lebanon, Jordan, Kuwait, Oman, and Colombia. For Zomato the big markets are in US, Germany, Australia, Japan, UK, and Russia. Their competitors in other countries are Yelp, which is present in 28 markets, JustEat, which is present in 13 countries, and Open Table, which has its presence in 20 countries. The primary focuses of these companies are on food ordering and table bookings and they do not aid discovery like Zomato.

Zomato wants to first Internet based Indian brand out to India. The day Zomato did their fourth acquisition, Delhi based Website performance testing startup Wignify acquired US based Concept Feedback, a community platform of user experience experts for online. In the coming days we may see fashion and retail giant Jabong to operate in UK and Printvenue in Australia.

Rocket's Indian Firms expanding Globally

Rocket Internet is one of the world largest e-commerce venture capital firms. Samwer Brothers started it in 2007 in Germany. The founders gained visibility through successful investments in eBay, Groupon, Facebook, Jabong, LinkedIn, and Zynga. The company business model is to find successful internet ventures from other countries and replicate them in emerging markets.

Rocket Internet operates in more than 50 countries and has more than 75 ventures such as Zolando in Germany; Lamoda in Russia, Zalora in South East Asia, Iconic in Australia, global food delivery sites Foodpanda, and property listing sites Lamudi and Carmudi. In India, Rocket Internet operates Jabong and Printvenue. Rocket Internet wants to be world largest e-commerce platform outside the U.S and China. By the end of this year, Rocket Internet Group may close its initial public offering. It would be second e-commerce firm IPO this year, after Alibaba.

One of the Indian E-commerce firms Printvenue plans to start operations in Australia with a team of marketing, content, and sourcing. There is no competitive environment in Australia for the company. It will soon be seen in Asia-Pacific Region such as South East and Middle East too. Over the next four five years, Printvenue plans to venture into Europe, and Latin America. Printvenue is already operating in Singapore with a small team.

Earlier this month, German venture capital group decided to take online fashion retailer Jabong.com to a global platform by merging it with four other such businesses in Latin America, Russia, Middle East, South East Asia, and Australia. Jabong has also opened an office in London where a team of 15-20 people will design its private label. These steps of Rocket Internet taking portfolio companies global were always on its agenda and these are linked to upcoming IPO.

Its global online food-ordering firm, Foodpanda is continuously expanding into developing markets. Foodpanda is present in more than 45 countries across Asia, Africa, Eastern Europe, Middle East, and Latin America. After Jack Ma Alibaba, soon people will see Billionaires from Germany and Rocket Internet world largest e-commerce venture capitalist firm.