Cautio to acquire Nikhil Kamath WTFund-backed Bytes

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Bengaluru-based visual telematics startup Cautio is set to acquire Bytes, an AI-powered two-wheeler safety technology startup backed by Nikhil Kamath’s WTFund, two sources aware of the development told Entrackr.

According to sources, the transaction will be a 100 percent acquisition, with Cautio buying out Bytes entirely. “The terms of the deal have been sealed and, if nothing changes at the last moment, the transaction could be completed in the next two to three weeks,” said one of the sources, requesting anonymity as details are yet to be…



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Cautio to acquire Nikhil Kamath WTFund-backed Bytes


Bengaluru-based visual telematics startup Cautio is set to acquire Bytes, an AI-powered two-wheeler safety technology startup backed by Nikhil Kamath’s WTFund, two sources aware of the development told Entrackr.

According to sources, the transaction will be a 100 percent acquisition, with Cautio buying out Bytes entirely. “The terms of the deal have been sealed and, if nothing changes at the last moment, the transaction could be completed in the next two to three weeks,” said one of the sources, requesting anonymity as details are yet to be…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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