1. News
April 7, 2016

M&As this week: Amazon.com, Bentley’s Pet Stuff, Flipkart

Amazon.com, a US-based online retail and web services provider, has acquired Orbeus, an American artificial intelligence image analysis start-up.

Amazon.com , a US-based online retail and web services provider, has acquired Orbeus , an American artificial intelligence image analysis start-up.

Bentley ‘s Pet Stuff US, a pet supplies retailer, along with entrepreneur, investor and television personality Marcus Lemonis, has acquired Natural Pet, LLC, a US-based pet product store.

Flipkart Online Service (Flipkart .com), an online retailer based in India, has purchased a majority stake in PhonePe Internet, a mobile payment company that processes transactions via a mobile number.

The acquisition is reported to be valued between $10m and $20m.

PhonePe will continue to operate as an independent business unit following the acquisition, while the company’s team will join Flipkart .

Aoyama Trading, a Japanese men’s apparel company, has agreed to acquire 100% stake in interior and sundries retailer WTW Corporation from Bals Corporation.