So far so good – but what’s really surprising is that uGenie is no longer about shopping comparison (the way it used to be), and the site only talks about their facebook/bebo app, iRead.
Last year, uGenie was sued by US’s largest wholesaler of higher education textbooks, Follett Higher Education Group (efollet.com) for ‘scooping up vast quantities of data‘ – i.e. accessing Follett’s systems via bots without any prior agreement[read the details here].
Is the entire site change a result of that? Or is this a mid-course correction (i.e. leverage the existing technology and increase adoption as well as monetize thru’ FB app ?)
uGenie guys have also launched SocialWizards, a company that build applications for social networks like Facebook, Myspace, Orkut, and Friendster etc.
uGenie raised $5mn from BlueRun ventures.
Rumor mill says that the company is planning to move back home (i.e. from Bangalore to US).
Connect the dots and one can weave a story. But I won’t speculate.
If you have more info, please share (confidentiality guaranteed) – mail me [ashish at NextBigWhat.com]