M&A
Space Matrix acquires hospitality sector e-commerce co Pursuite
Singapore-based design firm Space Matrix has acquired Gurugram-based Pursuite, an e-commerce platform focused on the hospitality sector. Pursuite, with operations across Asia and Europe, is an online solution for procurement of Operational Supplies & Equipment (OS&E) and Furniture, Fixtures & Equipment (FF&E) segments. Space Matrix claims to have seen strong demand in India, across South-East Asia and Singapore given the adoption of hybrid work practices and corporates choosing to re-design their existing workplaces in the post-pandemic phase.
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