In news, we saw the big takeover of Network18 group by Reliance. Here’s a really good analysis on the Network18-RIL story. There was quite a bit of activity on the funding front as well. For instance Flipkart raised another $200 mn from investors. And a couple of smaller acquisitions were also announced. Here’s a quick list of stories that you shouldn’t miss.
Bangalore-based customer communication platform, NudgeSpot, has raised INR 4 crores in seed funding from Kae Capital. The funds will be used to expand its operations in the US, as well as towards marketing and product development.
Creative Functionapps competes in the telecom and mobile internet sectors and develops products and services for next generation telecom networks. With the acquisition, Spice Mobility gains access to products that analyse telecom network performance and monitor mobile and internet consumer services.