The companies built in Ahmedabad that were bought outright, who bought them, and for how much, from a web-summariser sold to Intel's Kno in 2013 to a hotel ERP sold to Yanolja in 2026.
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Cruxbot
- Bought by
- Kno, then Intel
- When
- May 2013
- For
- Undisclosed
Nirmit Parikh built Cruxlight in 2012, a tool that summarised any web page the way a book summary stands in for a book, with Tanmay Desai as co-founder. Within a year Kno, the Silicon Valley education company, bought it for an undisclosed sum, and in November 2013 Intel bought Kno. Parikh went on to set up Intel's first office in Ahmedabad, and later founded apna, the jobs platform.
From yourstory.com →
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Cyberoam
- Bought by
- Sophos
- When
- February 2014
- For
- Undisclosed
Cyberoam was Elitecore's network security business, spun out as its own company with the Carlyle Group behind it: firewalls and unified threat management appliances with identity-based policies, sold through 5,500 resellers in more than 125 countries. When the British security company Sophos bought it on 10 February 2014 the company had more than 550 people, with R&D and global support run from its head office off Panchvati Cross Road. Terms were not disclosed. Sophos kept the office, which is registered today as Sophos Technologies.
From prnewswire.com →
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Elitecore Technologies
- Bought by
- Sterlite Technologies
- When
- September 2015
- For
- About Rs 180 crore
Elitecore started in 1999 and grew into a telecom software company: billing, revenue management and operations support for operators, with more than 700 people across India, Southeast Asia, the UAE and Africa. Its security division had already left as Cyberoam. On 30 September 2015 Sterlite Technologies completed the purchase of the whole company from First Carlyle Ventures Mauritius and the other shareholders, an all-cash deal at an enterprise value of about Rs 180 crore (about $27 million), to put software beside its optical fibre business.
From business-standard.com →
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DRC Systems
- Bought by
- Infibeam
- When
- March 2017
- For
- Rs 6 crore
DRC Systems built custom software and cloud ERP for e-commerce businesses: 200 engineers on proprietary and open source frameworks, profitable, and past Rs 10 crore in revenue. Infibeam, the Ahmedabad e-commerce company that had listed the year before, had been using DRC to customise its BuildaBazaar storefronts for merchants, and in March 2017 bought the company outright for Rs 6 crore in cash. Update: DRC Systems India was demerged out of Infibeam Avenues under a scheme approved in 2020 and listed on the BSE and NSE in 2021, with its registered office at GIFT City.
From medianama.com →
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Beardo
- Bought by
- Marico
- When
- 2017 to 2020
- For
- Undisclosed; the first 45% was reported at about Rs 50 crore
Ashutosh Valani and Priyank Shah started Beardo in Ahmedabad as a men's grooming brand, beard oils and washes sold online first. Marico, the Parachute and Saffola company, agreed in March 2017 to take 45% of the parent Zed Lifestyle for a sum it did not disclose (reported at about Rs 50 crore), and in July 2020 bought the remaining 55% in cash, making Beardo a wholly owned subsidiary. It ran from an office in Shapath V on the SG Highway, opposite Karnavati Club. Update: in February 2026 Marico told the exchanges it is folding Zed Lifestyle into itself through a voluntary liquidation, with the Beardo business (Rs 214 crore of turnover in its last financial year) moving into the parent (Storyboard18).
From yourstory.com →
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Claris Injectables
- Bought by
- Baxter
- When
- July 2017
- For
- About $625 million
Claris Lifesciences was the city's generic injectables company: anaesthesia, renal, anti-infective and critical care medicines in bags, vials and ampoules, with 11 molecules approved in the United States, its own R&D and three plants. In December 2016 Baxter, the American hospital products company, agreed to buy the injectables subsidiary for about $625 million, and the deal closed on 27 July 2017 (Baxter's own accounts put the cash paid at about $629 million net of cash acquired), taking on the plants, the pipeline and more than $100 million of annual revenue.
From baxter.ca →
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Havmor Ice Cream
- Bought by
- Lotte Confectionery
- When
- November 2017
- For
- Rs 1,020 crore
Havmor began as a small ice cream business in Karachi in 1944, and Satish Chona started it again from a handcart in Ahmedabad in 1951 after Partition; over three generations it grew into a brand with around 150 products, parlours across 14 states and factories in Ahmedabad and Faridabad. In November 2017 South Korea's Lotte Confectionery bought the whole ice cream company for Rs 1,020 crore (about $158 million), its way into India's ice cream market. Update: once their non-compete ran out the Chonas came back to ice cream with Hocco in 2023, and in July 2025 Lotte merged Havmor into Lotte India, keeping Havmor as the brand (The Korea Times).
From businesstoday.in →
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eInfochips
- Bought by
- Arrow Electronics
- When
- January 2018
- For
- $327.6 million
Pratul Shroff, a chip designer who had worked at Intel, founded eInfochips in Ahmedabad in 1994 to do semiconductor design and product engineering for companies elsewhere. By the time Arrow Electronics, the American components distributor, bought it in January 2018 it had 1,500 people, offices in San Jose, India and Europe, and customers across the life of a product, from custom hardware to connected devices. Arrow's own filings put the price at $327.6 million. It runs today as eInfochips, an Arrow company.
From investor.arrow.com →
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Brillare Science
- Bought by
- Emami
- When
- 2018 to 2024
- Stake
- 26% to 100%
Jigar Patel, a pharmacist who had run R&D at Lincoln Pharmaceuticals, started Brillare in December 2009 to make professional hair and skin care for salons, sold under Brillare and Root Deep. Emami, the Kolkata FMCG company, took 26% in February 2018 as its way into the salon segment, raised its holding in stages, and in March 2024 bought the last 4.64%, making Brillare a wholly owned subsidiary. The brand still runs from its office near the new High Court on the SG Highway.
From business-standard.com →
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Softweb Solutions
- Bought by
- Avnet
- When
- December 2018
- For
- Undisclosed
Ripal Vyas built Softweb into a software and AI company for the Internet of Things, connecting factories, fleets and devices to the applications that read them, with its engineering in Ahmedabad. When Avnet, the American electronics distributor, agreed to buy it in December 2018, Softweb had about 500 people in Dallas, Chicago and Ahmedabad. Terms were not disclosed; Avnet said the deal would add software and AI to its IoT business and add to its adjusted earnings at once.
From ir.avnet.com →
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Evosys
- Bought by
- Mastek
- When
- February 2020
- For
- $138 million: $65 million cash for the Middle East arm, the rest in Mastek shares
Evolutionary Systems, Evosys, became a large Oracle Cloud implementation partner from Ahmedabad: 13 years of ERP work and more than 1,000 Oracle Cloud customers in over 30 countries. In February 2020 Mastek, the Mumbai IT company, agreed to take the whole business at an enterprise value of $138 million: the India, US, UK and rest-of-world operations merged into a Mastek subsidiary against 15% of Mastek's shares, and Mastek UK paid $65 million in cash for the Middle East arm.
From mastek.com →
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Byte Prophecy
- Bought by
- Accenture
- When
- May 2020
- For
- Undisclosed
Mrugank Parikh, Adityavijay Rathore, Darshit Shah and Manish Patil started Byte Prophecy in 2011 as an analytics company, automating the insights that large companies pull from their data, and it had worked with Accenture Ventures since 2018. In May 2020 Accenture bought it and folded its nearly 50 data scientists and data engineers into Accenture Applied Intelligence. Terms were not disclosed.
From business-standard.com →
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Vendaxo
- Bought by
- Moglix
- When
- July 2021
- For
- Undisclosed
Nirat Patel and Poonam Choudhary started Vendaxo in 2016 out of VentureStudio at Ahmedabad University: a marketplace where factories sell the machines they no longer need, with Siemens, Arvind, Marico, Raymond and Torrent Pharma among the sellers. In July 2021, soon after becoming a unicorn, the B2B commerce company Moglix bought it to give manufacturers a way to buy capital goods second-hand. Terms were not disclosed.
From business-standard.com →
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Pedagogy
- Bought by
- Vedantu
- When
- July 2021
- For
- About Rs 28.5 crore
Archin Shah and his co-founders started Pedagogy in Ahmedabad in 2015, an e-learning platform for students preparing for competitive exams, and in April 2020 it raised $400,000 from Inflection Point Ventures as the pandemic put every classroom online. In July 2021 Vedantu, the Bengaluru live-tutoring company, agreed to buy the whole company in tranches: the promoters, who held 75%, received Rs 21.4 crore, Rs 15.23 crore of it in cash and the rest in Vedantu shares, and the full acquisition was priced at around Rs 28.5 crore.
From entrackr.com →
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Puniska Healthcare
- Bought by
- Amneal Pharmaceuticals
- When
- November 2021
- For
- About Rs 700 crore
Puniska built a 293,000 square foot sterile injectables plant in Ahmedabad, with robotic and aseptic vial lines, an emulsion line and a large-volume bag line, in a company only four years old. In November 2021 Amneal, the American generics maker, bought it for about $93 million, taking on 550 people and the capacity to make injectables for the United States, with the plant as its base for markets beyond.
From business-standard.com →
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MyClassCampus
- Bought by
- Teachmint
- When
- January 2022
- For
- Undisclosed
Rachit Dave, Rutvij Vora and Raj Kothari started MyClassCampus in 2017, a campus ERP that ran a school's admissions, fees, payroll and parent communication from one app. In January 2022 Teachmint, the Bengaluru education infrastructure company, bought it as its fourth acquisition, pairing the ERP with its own learning management system for institutions. Terms were not disclosed.
From freepressjournal.in →
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Scouto
- Bought by
- Spinny
- When
- February 2022
- For
- Undisclosed
Akshay Gupta and Shubham Sharma built Scouto in Ahmedabad: a connected-car device and app that reads a car's health and links the owner to service, insurance and FASTag providers, backed by DevX Venture Fund, iCreate and the Bhuva family office. In February 2022 Spinny, the used-car retailer, bought 100% of it. Scouto had done about Rs 5 crore of revenue that year.
From entrackr.com →
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Volansys Technologies
- Bought by
- ACL Digital
- When
- April 2022
- For
- Undisclosed
Manan Patel founded Volansys in Ahmedabad in 2008, with a front office in Silicon Valley, to do product engineering for companies from startups to the Fortune 500: design, development, validation and manufacturing of connected devices for industrial and home automation, networking, healthcare and consumer electronics. In April 2022 ACL Digital, part of the French engineering group ALTEN, bought the company for an undisclosed sum to add that depth in IoT to its own services.
From acldigital.com →
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Veeksha
- Bought by
- Adda247
- When
- June 2023
- For
- Undisclosed
Gaurishankar Singh, Hariprasad Bommidi and Miral Songhela started Veeksha in 2021, 3D lessons in maths and science that a student could turn over on a phone. Two years later Adda247, the Google-backed test-prep company, bought it to put 3D, AR and VR into its K-12 and JEE/NEET courses; it said the students using the material engaged 30% more. Terms were not disclosed.
From business-standard.com →
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Clientjoy
- Bought by
- Synup
- When
- January 2024
- For
- Undisclosed
Yash Shah, Anupama Panchal, Abhishek Doshi and Shashwat Bhatt launched Clientjoy in 2019 out of Gridle, the company they had run for six years before it: a CRM for agencies and freelancers, proposals, contracts, invoices and a client portal in one place. It raised $800,000 from GVFL in November 2020, and by the time Synup, the local-marketing software company, bought it in January 2024 it had 16,000 customers in 90 countries. Co-founder Anupama Panchal moved to Synup with the product. Terms were not disclosed.
From prweb.com →
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Shy Tiger Brands
- Bought by
- Ghost Kitchens India
- When
- April 2024
- For
- Undisclosed
Milapsinh Jadeja started Shy Tiger in 2018 and ran five multi-brand cloud kitchens across Ahmedabad, with KBOB's and The Black Chimney the names people ordered. In April 2024 Ghost Kitchens India, the GVFL-backed cloud kitchen company, bought it to run its own brands out of Shy Tiger's kitchens and expand across Gujarat; Jadeja invested in Ghost Kitchens' funding round in turn.
From entrackr.com →
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SocialPilot
- Bought by
- group.one
- When
- July 2025
- For
- Over $50 million, as reported; group.one did not disclose
Jimit Bagadiya and Tejas Mehta started SocialPilot in 2014 as a tool for small businesses and agencies to plan, publish and report on social media posts, and built it without venture capital into a product used by thousands of agencies and small businesses across North America, Europe and Asia. On 10 July 2025 group.one, the Swedish hosting and software group with two million customers in fifteen countries, agreed to buy it to add marketing automation to its tools for small businesses; group.one did not disclose the price, reported at over $50 million.
From group.one →
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InnKey
- Bought by
- Yanolja
- When
- May 2026
- For
- Undisclosed
Viral Shah started InnKey in Ahmedabad in 2011: a hotel ERP on the cloud that runs front office, restaurants, purchasing, accounts and guest messaging for mid-scale chains, on more than 500 hotels across India, among them The Fern, Pride and Orchid. On 7 May 2026 Yanolja, the South Korean travel technology company, announced it had bought InnKey through Yanolja Cloud Solution, with a plan to take it into the Middle East and Southeast Asia. Terms were not disclosed.
From yanoljagroup.com →