Times Internet has acquired moneysights, Bangalore based personal finance platform which shutdown in 2012.
Moneysights was founded in 2009 by Mukesh Kalra & Santosh Navlani as a digital platform that enabled consumers to discover, personalize, buy, and manage their investments. The company had also raised $270K angel funding from ex-HP & IBM senior executive Prasad Duvvuri, Blume Ventures & inmobi’s Naveen Tewari.
While the platform was a powerful idea, it was a bit ahead of its time, and the venture was put on hold due to funding constraints in 2012. moneysights will now be further developed within Times Internet, and will operate under the leadership of its co-founder, Mukesh Kalra.
At the time of writing this, moneysights site wasn’t active. We believe that this is more of a PR and a hiring announcement.
Recommended Read : Why Personal Finance Startups in India Do NOT Survive