February 06, 2013

Deal Alert: Times Internet backed InstaMedia sold

Times Internet backed Instamedia, once a blog network with as many as 17 properties, has been sold. InstaMedia and Instapress were sold off to a Dubai based group, while one of its earlier properties, BornRich.org, was acquired by one of the company‚Äôs founders, Nandini Rathi. Another founder, Ankit Maheshwari, has started up again, launching an editorial project management venture called BetaOut, with angel investor Vishal Gondal on its board. Gondal and Samir Bangara had backed Instamedia before Times Internet invested $4 million in it. 

Source: MediaNama


Are you at APEX? 
Where The Stars Foretell the Future of Indian PE/VC 
http://ventureintelligence.in/apex13-mailer.htm

Are you Showcasing at APEX? 
Don't Miss Out on THE Most Effective Investor Networking Opportunity of the Year http://ventureintelligence.blogspot.in/2013/01/crucial-connect-to-venture-capital.html

0 Comments:

Post a Comment

<< Home