RupeeTalk, personal finance company (raised investment from Seedfund) has been acquired by NetAmbit, a financial services distribution company funded by Bessemer Venture Partners (BVP) and Helion Venture Partners.
NetAmbit was started in 2003 and has now grown to 3500 employee organization (3500 workstations, 800 field agents, 34 branches) with 150 locations across the country.
Rupeetalk,was started by Satkam Divya and Deepak Singh, IIM Lucknow alumnus in December 2007. Post acquisition, Rupeetalk will essentially serve as the online arm of NetAmbit’s financial services.
SeedFund is on a roll and recently exited out of Lifeblob (acquired by Printo) and Carwale (India Today Group and Germany Based, Axel Springer Acquire 70% Stake in Carwale).
Also see: ApnaPaisa Funding: $3.1mn (from Sequoia), Significant shift in Business Model