wordpress blog stats
Connect with us

Hi, what are you looking for?

ViaDeo + ApnaCircle: United They Stand

French business networking site ViaDeo has acquired ApnaCircle, a Sabeer Bhatia venture, in an all stock deal. The deal is cashless and the exisiting investors will get stake in Viadeo, ApnaCircle's co-founder Yogesh Bansal has told VCCircle. What could have compelled such an equity-affecting move? Was it insecurity in the wake of recession or could it be a distress sale to the bigger fish? ViaDeo has over 6.5 million members while ApnaCircle has over 3 lakh registered. According to the release, ApnaCircle brand will be retained and it will aim at having 1 million users by 2010. There are no details on how the two firms plan to reach this milestone. In a market dominated by LinkedIn, what is ApnaCircle's strategy to draw in users? The site has low brand recall and may have to either direct itself into offering a niche service or pump up its marketing act to grab attention. The release calls ApnaCircle.com "India’s number one social & professional networking website" - but the truth is the site lags far behind competitor LinkedIn and InfoEdge's Brijj is also vying for marketshare. ApnaCircle was launched by entrepreneur Yogesh Bansal and Sabeer Bhatia in 2007 and is run from an incubation centre at Amity University. Bhatia will continue to remain director of the social networking site. Bhatia's other dotcom investments include Arzoo, Instacoll, Sabsebolo, Yousalary and LayoffGossip. He started Blogeverywhere with co-founders Shiraz Kanga and Viraf Zack and has also invested in network security firm NeoAccel. Viadeo is bullishly…

Please subscribe/login to read the full story.
Written By

http://www.linkedin.com/in/preethij

Free Reads

News

Paytm has tried to distance itself from Paytm Payments Bank due to the regulatory scrutiny.

News

This amendment widens the scope of those allowed to delete records pertaining to the direction of interception from law enforcement bodies to other authorities...

News

Pensioners can now use bank passbooks instead of mobile or Aadhaar for identity verification.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

News

RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ