• Samvardhana Motherson is preparing a $2 billion bid for Marelli Holdings, a Japanese car parts supplier facing bankruptcy, competing with Strategic Value Partners (SVP). Marelli's board and lenders will decide the company's future this week.
• Alta Capital's logistics platform, LogiCap, is a leading contender to acquire Xander Group's 3.5 million sq ft warehousing portfolio across Chennai, Mumbai, and Kolkata. Other investors like Horizon Industrial Parks and CapitaLand Ltd have also submitted bids.
• Lenskart is set to acquire location AI startup GeoIQ, valuing it at $15-20 million, with Lenskart taking a majority stake and most current investors exiting. This acquisition comes as Lenskart prepares for a $1 billion IPO.
• Electric mobility startup Kazam has secured approximately $6 million in Series B funding led by Vertex Ventures, with participation from Avaana Capital and Chakra Growth Capital. Customer analytics platform MoEngage is also seeking to raise a new funding round to fuel its expansion.

Nitesh Kumar

Auto components maker Samvardhana Motherson is gearing up to bid for Marelli Holdings while Alta Capital's logistics platform is leading the race for Xander Group's warehousing portfolio and Lenskart is set to acquire GeoIQ, according to separate media reports.  

Meanwhile, electric mobility startup Kazam has secured Series B funding and ......

Grapevine: Motherson, Xander, Alta Capital, Lenskart, Kazam, MoEngage in news

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Motherson bids for Marelli Holdings; Alta Capital leads Xander's warehousing sale; Lenskart to acquire GeoIQ; Kazam secures Series B; MoEngage expands in...

Motherson, Xander, Alta Capital, Lenskart, Kazam, MoEngage in News

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Grapevine: Motherson, Xander, Alta Capital, Lenskart, Kazam, MoEngage in news

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