Mahindra Partners may acquire BabyOye.com

Mahindra Partners, the business arm of the diversified conglomerate Mahindra Group, is said to be negotiating a deal to acquire online portal BabyOye. Group’s retail arm already has strong online and offline presence through Mom & Me. Mahindra Retail operates over 100 Mom & Me and Beanstalk stores, which earned revenues of Rs 206 crores and a loss of Rs 114 crores in fiscal year 2014, according to the group's annual report. The unit is part of Mahindra Partners, which houses all the emerging businesses of the group such as logistics, media, education and solar.