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Venture Capital | 2 September 2014

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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Mergers & Acquisitions | 1 September 2014

Affle Acquires App Development Firm Appstudioz

Affle, a Mobile Apps and Ads as a Service (MAAS) platform, has acquired Noida based app development company Appstudioz Technologies Private Limited. The deal size was not disclosed.

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