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March 27, 2013

Deal Alert: Tradus acquires

Naspers-owned Tradus has bought out Hyderabad-based e-commerce portal, a little over a year after it had invested Rs.8.5 crore in the company. Launched in March 2010 by Ranjith Boyanapalli, who previously worked with eYantra, along with Tharachand Suryadevara and Jagdish Kothapalle, BuyThePrice has claimed to have generated Rs.3 crore revenue in the first year with plans to reach Rs.100 crore by the end of fiscal 2013.  

From the Venture Intelligence Angel Investments database: Rajan Anandan, Rehan yar Khan and Sunil Kalra had invested in BuyThePrice in Dec-10. 

Source: Medianama

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