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Social Media Analytics Startup Salorix Shuts Down

Social media marketing and analytics company Salorix has shut down its operations, the company CEO Santanu Bhattacharya has confirmed to The Economic Times, without giving any explicitly reason for this. The company apparently shutdown in May 2013.  The report cites sources to say the company shut down following a disagreement between the founder and investors over an acquisition offer from Google. The investors were keen on the acquisition offer while Bhattacharya was not impressed with it. On being contacted by Medianama, one of Salorix investors Nexus Venture Partners declined to comment on this development. We are yet to hear back from Salorix and Inventus Capital Partners. Strangely, a TechCrunch report from last week had also suggested that Salorix had acquisition talks with Facebook in October 2013, which eventually failed and Facebook ended up hiring Bhattacharya earlier this year. However, the Inventus Capital Partners Managing Partner Kanwal Rekhi has refuted this in the report's…

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