Wednesday, 22 May 2013
Deal Alert: Rediff reveals realization from Adnear stake sale as $1.14 M
Posted on 20:47 by Unknown
Rediff.com has sold its stake in Adnear (previously known as Imere), a location based company which it had bought a minority stake in, in 2009, for $1.14 million. The sale happend In November 2012 when AdNear had raised Rs 35 crore (around $6.2 million at current levels) from Sequoia Capital India and Canaan Partners.
AdNear offers location based mobile advertising solutions in India,
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