Info Edge India Ltd has entered into an agreement to fully acquire Zwayam Digital while health and fitness brand Fittr has acquired a minority stake in Chennai-based Wylo. Separately, fintech startup Niyo has acquired personal finance startup Index.
Info Edge acquires Zwayam
Info Edge India Ltd, the parent company of Naukri.com and Jeevansathi.com, has entered into an agreement to fully acquire Zwayam Digital Pvt Ltd, it announced on Saturday.
SaaS platform Zwayam provides sourcing and screening recruitment solutions and end-to-end recruitment solutions with configurable plug-and-play modules.
The proposed acquisition will help the company further consolidate its position in the online recruitment solutions segment.
Fitness startup Fittr buys Wylo
Community-driven online health and fitness brand Fittr has acquired a minority stake in Chennai-based Wylo, an interest-based social networking platform.
The financial details of the deal were not disclosed.
“Wylo addresses people’s evolving needs for tailored and targeted social networks, which piqued our interest,” Fittr founder and CEO Jitendra Chouksey said.
Founded in 2019 by Omnath Premnath, Wylo claims to be currently clocking a monthly user growth rate of 30% and has over 130 communities. It is looking to scale this number to over 300 by 2022.
Niyo acquires Index
Digital banking fintech startup Niyo has acquired Bengaluru-based personal finance startup Index, per an announcement.
The deal marks Niyo’s second acquisition after Goalwise, which it acquired in 2020.
Per the terms of the acquisition, the Index team, including founders Anand Krishna and Kumar Siddhartha, will join Niyo.
In a statement, Niyo said it plans to integrate Index’s personal finance tracking features into its products.