Financials / Deals


ROAM officially launched in Lagos, Nigeria

ROAM officially launched in Lagos, Nigeria

After concluding their long-awaited merger, Ringier Africa and One Africa Media formally launched the new entity, called Ringier One Africa Media, or ROAM for short, in Lagos. In attendance at the event were founders and executives of its Nigerian businesses, and other ROAM executives, together with representatives of the media, industry stakeholders and invited guests.


GarajSepeti buys Turkish auto site Tasit.com

GarajSepeti buys Turkish auto site Tasit.com

Tasit.com, one of Turkey's biggest used-autos verticals, sold out to Garajsepeti.com today. The parties agreed not to divulge the buying price. Birol Kabakoglu, founder of Tasit.com some eight years ago in Turkey, said he'll now focus on his other start-ups.

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Viva Decora sells 29% stake for $1.8 million US

Viva Decora sells 29% stake for $1.8 million US

VivaReal, a real estate site in Brazil, which is now part of the Zap VivaReal Group, sold a stake in marketplace Viva Decora for BRL 6.2 million ($1.8 million U.S.) to Duratex (B3: DTEX3), a Brazilian company that manufactures and sells paneling and wood products for the civil construction and furniture sector. Duratex acquired 28.57 percent of Viva Decora, VivaReal’s decoration marketplace.

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Girnar Software revenue up 32% in FY2017

Girnar Software revenue up 32% in FY2017

Jaipur-based Girnar Software, owner of a clutch of auto classifieds, including CarDekho, ZigWheels and Gaadi, reported a 32-percent rise in revenue y-on-y, and a 5-percent drop in the loss in the financial year which ended March 2017. This was clear from the company’s regulatory filing with the Registrar of Companies (RoC), and first reported by Live Mint. In FY2017 (to end-March 2017) Girnar generated total...

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