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Mergers & Acquisitions | 15 March 2012

VerSe Innovation Acquires NewsHunt App Developer - Eterno Infotech

by Irfan Khan
VerSe Innovation Acquires NewsHunt App Developer - Eterno Infotech
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Ver Se Innovation has acquired Bangalore based Eterno Infotech - 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 SkillKindle Raises Angel Funding From i3 Consulting

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

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Myntra acquires Jabong for $70 million

Myntra acquires Jabong for $70 million

Myntra, part of the Flipkart Online Services Pvt Ltd, has acquired the online fashion platform Jabong from the Global Fashion Group. The $70 million deal will see the creation of one of the biggest online fashion platforms in India. The combined online retailers will have the distinction of becoming the largest e-commerce marketplace in the country.

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