Announced
Completed
Financials
Sources
Tags
Domestic
Completed
Friendly
Private
Acquisition
software engineering
Single Bidder
Majority
India
Software
Synopsis
Isthara, a co-living brand and Smart Food Court pioneer, completed the acquisition of Letsmobility, a software product engineering company. Financial terms were not disclosed. "The co-living sector and institutional cafeteria segment are highly fragmented, and customers are usually subject to several difficulties that arise due to the lack of a real-time and efficient technological solutions platform. The acquisition of Letsmobility will address this gap, with their disruptive platform and expertise in delivering effective tech solutions, which will add significant value to Isthara’s capabilities and offer a more complete service for the digital transformation of both verticals. We have always placed user convenience at the forefront of our technological innovations, and we are confident that together with Letsmobility’s team, we will continue to push the limits on providing superior customer experiences and driving continued innovations in the co-living and food tech sectors. By integrating with Letsmobility’s unique platform, we are accelerating the pace towards our vision of a world-class digitally-defined platform that can respond to the evolving needs of our customers," Ligouri Godwin, Isthara Co-Living Executive Director.
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