Iksula Strengthens E-commerce Footprint with Acquisition of Ambab Infotech Pvt Ltd Business

Iksula Strengthens E-commerce Footprint with Acquisition of Ambab Infotech Pvt Ltd BusinessMumbai, India, 15th April, 2024: Iksula, a globally recognized leader in ecommerce solutions, today announced its acquisition of Ambab.com, a prominent ecommerce development company since the last decade. Ambab was founded by Bhavik Jhaveri & Ankur Joshi and since 2018 it has been managed by professional management. This strategic move signals a pivotal moment for both organizations, propelling them towards enhanced growth opportunities and expanded digital capabilities in the dynamic ecommerce landscape.

Iksula founded in 2007 by Samarjeet Singh (Chairman) and D.J. Basumatari (CEO) has solidified its position as a trusted partner for retailers, brands, and marketplaces worldwide. With a relentless focus on innovation and customer-centric solutions, Iksula has consistently delivered outstanding results for its clientele across the globe.

Commenting on the acquisitionSamarjeet Singh, Chairman of Iksula, expressed his sentiments, stating, “We are delighted to welcome Ambab.com into the Iksula family. This acquisition marks a strategic milestone for us, empowering us to augment our digital capabilities and provide even greater value to our clients. Leveraging Ambab‘s track record of delivering cutting-edge technology solutions, we are confident that together, we will continue to redefine the standards of excellence in the ecommerce industry.”

Sanjayan Nair, CEO of Ambab.com, echoed Singh’s sentiments, saying, “We are thrilled about this new chapter with Iksula. This move opens up exciting opportunities for Ambab to leverage additional resources and capabilities, accelerating our growth trajectory and enabling us to better serve our clients.”

Under the acquisition terms, Ambab.com will operate as a Business Unit of Iksula, with Sanjayan Nair and the existing leadership team continuing to spearhead innovation and deliver exceptional outcomes for clients.

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