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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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FreeCharge Secures Series B Funding

Freecharge, an online platform for recharge, utility payments, promotions and couponing, has raised $33 Mn (c.INR 2,000 Mn) from existing investor Sequoia Capital India along with new investors Belgium-based investment firm Sofina and Russian Internet and technology investor ru-Net. The Series B infusion will be taken to build up its transactional advertising offerings.

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