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Mergers & Acquisitions | 15 March 2012

VerSe Innovation Acquires NewsHunt App Developer - Eterno Infotech

by Irfan Khan
 
@irfan
Ver Se Innovation has acquired Bangalore based @Eterno - the company behind the popular mobile news application NewsHunt, according to Medianama.

With this, Rediff has exited Eterno, having initially acquired an undisclosed stake in Eterno in 2008. This acquisition will provide VerSe an entry into the mobile web space.

According to Eterno Founder Chandrashekhar Sohoni, Newhunt has over 10Mn downloads from the web, including around 5.5Mn from GetJar, and has pre-embedding partnerships with Nokia and Micromax.

Delhi Based SkillKindle Raises Angel Funding From i3 Consulting

Delhi based startup - SkillKindle has raised angel funding from i3 Consulting for expansion.

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Blackstone May Invest In Pune's BlueRidge SEZ

Continuing its strategy of building a portfolio of rent-yielding commercial projects, Blackstone Group is in talks with IDFC and Paranjape Developers to acquire stake in two phases in the BlueRidge special economic zone (SEZ) in Pune’s Hinjewadi area for INR 10 Bn.

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