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Rediff.com To Invest In Mobile Apps Co Eterno Infotech

Rediff Eterno Infotech

Update: An official press release from Rediff confirms that the company has taken a minority stake in Eterno Infotech. Original story (Nov 7th): Perhaps inadvertently, but responding to our question in Rediff.com's investment plans in the coming months, given that they're sitting on $49 million cash, Rediff.com CEO Ajit Balakrishnan inadvertently let out that they're in talks with Bangalore based Eterno Infotech for an investment. Eterno makes mobile applications, and has powered MobileRediff, a mobile application that the company announced a few days ago. Balakrishnan said that mobile companies of interest to them, and "Eterno is building applications for media companies that provide news services on the mobile." Eterno's founders, Umesh Kulkarni and Chandrashekhar Sohoni are both ex-Nokia employees, and Kulkarni was previously the head of the software development team at Nokia’s Bangalore development center. The two had previously founded…

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