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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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China's Hareon Solar Partners Nereus Capital For India Foray

Chinese solar panel maker Hareon Solar Technology Company is partnering US-based, India-focused private equity firm Nereus Capital for foraying into the Indian sub continent as the former seeks to set up 150 MW of solar power plants in India in the next two years.

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