OYO says it did not acquire Zo Rooms despite claims from its investor SoftBank

Last year, there was another serious allegation that the SoftBank funding that Oyo announced in early 2016 did not actually happen 

Indonesia's Kioson officially acquires Narindo as part of its post-IPO plan

IDX-listed Kioson aims to strengthen its bottom line through the acquisition of the e-voucher aggregator company 

Grofers CFO Ashneer Grover quits amidst merger talks with BigBasket

Till date, Grofers has raised US$165 million from a slew of investors, including Tiger Global and SoftBank 

Nexon acquires cryptocurrency exchange Korbit at US$80M

The Nexon acquisition is the largest ever in the South Korean startup scene 

Australian financial comparison site iSelect acquires majority stake in iMoney

iSelect first invested in iMoney in 2014, when it was the sole investor in the company's US$4 million Series B funding round 

Will 11street Malaysia be part of the battle between Alibaba and JD in SEA?

Rivaling Chinese e-commerce giants Alibaba and JD reportedly are competing for an acquisition deal with 11street Malaysia 

Indian e-commerce firm Flipkart acquires mobile phone repair startup F1 Info Solutions

The acquisition will significantly expand Flipkart's offerings to the entire lifecycle of mobiles, IT products and consumer electronics -- from sales to after-sales to repair services 

Freshworks acquires Zarget that helps businesses increase orders, customer interactions, signups on their site

Zarget enables marketers to take informed decisions based on the insights gained through A/B testing, heatmaps, session recording, and polls & feedback 

Ebix acquires YouFirst Money Express to expand its remittance and forex services in India

With a network of over 36 branches, YourFirst Money Express is engaged in the business of international inward remittance and foreign exchange 

"Our curse will always be on you and your ill-gotten gains will come to light," employees tell Snapdeal founders

In a letter to its founders and the government, a group of current and former employees also demanded an inquiry into Snapdeal's affairs