Zoho
Acquisitions
3
Major Deals Covered
$4M
Disclosed Deal Value
Zoho's largest disclosed acquisition here is Yali Aerospace (strategic deep-tech investment) for $3.6M in 2024. This page covers 3 major deals from 2019 to 2025, each with its price where disclosed and the reason behind it.
| Company | Year | Price | Purpose |
|---|---|---|---|
| ASIMOV Robotics | 2025 | Undisclosed | Acquired robotic simulation and hardware engineering startup ASIMOV Robotics to advance factory automation and industrial robotics. |
| ePoise Systems | 2019 | Undisclosed | Acquired video interview screening and automated assessment platform ePoise. |
| Yali Aerospace (strategic deep-tech investment) | 2024 | $3.6M | Invested ₹30 crore (~$3.6 million) in drone manufacturing and autonomous vertical takeoff aerospace startup Yali Aerospace. |
2025
Acquired robotic simulation and hardware engineering startup ASIMOV Robotics to advance factory automation and industrial robotics.
Brought specialized robotics control systems and mechanical engineering talent into Zoho's R&D labs.
2024
$4M
Invested ₹30 crore (~$3.6 million) in drone manufacturing and autonomous vertical takeoff aerospace startup Yali Aerospace.
Supports long-range medical delivery drone networks and specialized aerospace manufacturing in rural Tamil Nadu.
Advanced Zoho's rural industrialization and deep-tech incubation vision.
2019
Acquired video interview screening and automated assessment platform ePoise.
Integrated automated candidate screening and asynchronous video interview technology into Zoho Recruit.
Accelerated AI-assisted candidate evaluation for HR teams.
Zoho grows mainly through organic product development. It adds new applications to its suite, sells upgrades to Zoho One, expands ManageEngine's cloud offerings, and opens local data centres to meet data residency rules in markets such as the UAE. It also invests in hiring and training outside large cities, including offices in rural Tamil Nadu.
Zoho sells software subscriptions and licences directly to businesses of all sizes. In FY25 the Zoho suite, which covers CRM, finance, collaboration, HR, support and the Zoho One bundle, brought in ~$818 million (₹7,051 crore), or 57% of revenue. ManageEngine, which sells IT service management, endpoint, identity and network monitoring tools to IT teams, brought in ~$564 million (₹4,863 crore) (39%). Services added ~$46.3 million (₹399 crore). Zoho runs its applications on servers in its own data centres instead of renting public cloud capacity, and it relies heavily on in-house engineering rather than acquisitions. North America is its largest market.
Zoho maintains a strict anti-acquisition philosophy, choosing to build 100% of its 55+ software applications internally from the ground up rather than buying external tech companies.
Sridhar Vembu argues that corporate acquisitions create bloated software with mismatched databases, incompatible user experiences, and fractured corporate cultures.
Very rarely; in 2018, Zoho acquired e-publishing firm Karomi and small visual design tool ePoise, strictly to absorb niche technical talent and integrating their capabilities organically.
Instead of software M&A, Zoho makes patient, long-term investments in capital-intensive Indian deep-tech ventures, including electric motorcycles (Ultraviolette) and medical robotics (vTitan).
Zoho invested tens of millions of dollars in Ultraviolette Automotive to help engineer indigenous Indian electric motorcycles, high-performance battery packs, and vehicle software.
Every Zoho application—from Zoho CRM to Zoho Books—shares the same codebase, data model, user directory, and security schema, delivering unmatched software stability and integration.
Rather than acquiring existing chip companies, Zoho has submitted proposals to establish compound semiconductor fabrication facilities in India to build sovereign hardware capabilities.
While rivals spend billions on goodwill impairment and messy post-merger integrations, Zoho compounds engineering knowledge internally, resulting in cleaner code and superior customer value.
Compare corporate acquisition records, deal values, and strategic targets
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