Pet-care: Fredun Pharmaceuticals acquires Wagr (AI-led vet advice, tele-vet, fitness tracker; ~140k pet parents). Small-cap buyer (~₹650 cr mcap) chooses tech rails + D2C to play India’s ~$6B pet market.
Edtech: Veranda Learning de-merges three assets (Edureka, Veranda Higher Ed, Six Phrase) into SNVA EduTech via share swap; Veranda + subsidiary jointly hold 50%. FY26 guide: ₹250cr+ revenue, ₹60cr+ EBITDA, positioning for a future listing; implied joint value ~₹1,000cr.
Maps/Logistics: Velocitor Solutions buys NextBillion.ai (custom maps, routing, fleet ops). Strategic tuck-in; prior backers included Lightspeed, Alpha Wave, M12, Mirae.
Banking signal: Emirates NBD to buy 60% of RBL Bank (~$3B infusion; implied ~$5B valuation). In parallel, SMFG took 24% of Yes Bank (~₹15,000 cr). Read-through: rising foreign control deals, consolidation momentum
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