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Shazam To Be Acquired By Apple

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Shazam Acquire By Apple,Startup Stories,Business News Update 2017,Apple Buying Shazam,Apple Acquire Shazam App,Shazam Finding App,Apple Acquire Shazam Music service,Shazam Latest News,Shazam Recognition Technology,Apple Business News 2017

Shazam, the music, T.V. shows and movies finding app, is going to be acquired by the tech giant, Apple. Through this takeover, Apple is looking at acquiring Shazam’s music and sound recognition software. Once the deal goes through, Apple will be positioned as a bigger force to be reckoned with than it already is.

The deal, which could be announced as soon as next week, is expected to value the company at around $400 million, according to three people familiar with the deal. This price would be a significant discount from its last round of funding, which valued the company at around $1 billion. The company has raised at least $140 million since 2002.

Shazam used to have an edge in the market by being the only company which enabled users to discover new material. Now, however, it has become extremely easy for anyone to replicate this app, thereby making Shazam obsolete.

Apple benefits in a lot of ways from making this purchase. By completely taking over Shazam, Apple not only gets control over the 1 million daily subscribers Shazam has but it also gets control over Shazam’s augmented and unique technology.

With over 1 billion downloads since its foundation, Shazam has been popular in its nearly 19 years of independence. Unfortunately, the company only pulled in $54 million as revenue in 2016, while losing $5.3 million through the year. This was a signal that the company still had a long way to go. Now as a part of Apple, turning a profit won’t be an issue.

Shazam has already been integrated into the Apple Software. This acquisition could help bolster Apple’s music efforts by making it easier for users to find songs and add them to playlists in their Apple Music service. As of mid 2017, Apple Music had 27 million subscribers, behind rival music streaming service Spotify’s 60 million users.
 
With over 1 billion downloads since its launch, Shazam has been extremely popular in this field. Unfortunately, it lost a huge amount of its revenue in the year 2016 by losing over $ 3 million in revenue in the last financial quarter. This take over by Apple comes at a ripe time, giving users a wider range of options.

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Imarticus Learning Acquires MyCaptain for INR 50 Crore to Boost Non-Tech Upskilling

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My Captain

Imarticus Learning, an IPO-bound professional education firm, has acquired Bengaluru-based edtech platform MyCaptain for INR 50 crore in a cash-and-stock deal. This marks Imarticus’s fourth acquisition in four years and is aimed at expanding its presence in non-tech career training, especially across India’s Tier-II and Tier-III cities. MyCaptain, which has over 500,000 learners and a revenue of ₹27 crore for FY25, specializes in creative and entrepreneurial fields, with 60% of its users from smaller cities.

 

With this acquisition, Imarticus will bring MyCaptain’s employability bootcamps in digital marketing, design, and content to its 20+ classroom centers in 16 cities, blending online and offline learning. MyCaptain will operate as a fully-owned subsidiary, and all 250 of its employees will join Imarticus, expanding the combined workforce to over 850. The move supports Imarticus’s goal to reach five million learners by FY28 and deepen its offerings in non-tech domains.

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Ex-100X.VC Partners Launch 247VC, Announce INR 250 Crore Fund for Seed-Stage Startups

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StartupStories

Former 100X.VC partners Yagnesh Sanghrajka and Shashank Randev have launched a new venture capital firm, 247VC, unveiling a maiden fund with a target corpus of INR 250 crore (about $30 million). The SEBI-registered Category II AIF includes a base of INR 200 crore and a INR 50 crore greenshoe option, and is focused on backing 30 seed-stage startups across India over the next three years.

 

247VC will target high-potential founders in sectors like deeptech, enterprise tech, consumption, and Industry 5.0, with initial cheque sizes ranging from INR 3 crore to INR 4 crore and follow-on capital for top-performing companies. The fund has attracted prominent early backers, including Sachin Tagra (JSW Ventures), Vivek Mathur (ex-Elevation Capital), and Shailendra Majmundar (Johns Hopkins University).

Sanghrajka and Randev, who together have invested in over 200 startups previously, aim to support ambitious founders building for scale and innovation, especially in emerging and underexplored markets. The launch comes as seed-stage investing gains momentum in India, with average cheque sizes rising despite a cautious funding environment.

 

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Flam Secures $14M Series A to Revolutionize Mixed Reality Marketing with AI

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Flam_StartupStories

AI infrastructure startup Flam has raised $14 million in a Series A round led by RTP Global, with participation from Dovetail and existing investors, bringing its total funding to $22 million. Founded in 2021, Flam enables brands to create and deliver high-fidelity mixed reality (MR) and generative AI experiences without the need for app downloads, allowing consumers to access immersive content via QR codes or links in under 300 milliseconds.

Flam’s platform is already used by over 100 global brands-including Google, Samsung, and Netflix-reaching more than 380 million users. The new funding will accelerate product innovation, expand operations in North America, Europe, and Asia, and launch a full-stack enterprise suite for MR and GenAI-driven marketing. The company currently has over 120 employees and plans to grow to 180 by the end of 2025, aiming to transform every brand touchpoint into an interactive digital experience.

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