Knowledge Partners

 Economic Laws Practice       Avalon Consulting

 Technloogy Holdings   

June 23, 2013

Deal Alert: Minjar Cloud Solutions acquires social apps firm Adepto

Bangalore-based Minjar Cloud Solutions has acquired start-up venture Adepto Solutions, which offers a platform to launch customized applications on Facebook and other social media. Adepto had “pivoted” its business from being a social app for e-commerce platform (Trolly) to helping build instant apps under its new service Crowdnub.

The three year old Adepto was part of the Microsoft Accelerator batch in Feb 2013. In 2011, Blume Ventures and Rajiv Dadlani Group had invested about $300,000 (about 1.8 crore) in Adepto Solutions. The investors are likely to get an exit with the transaction. 

Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.