The 8th of January was an interesting day for mergers and acquisitions in the Indian ecosystem. InMobi, one of the biggest tech startup success story in India acquired UK based Overlay Media. This acquisition will primarily help InMobi to deliver highly engaging content. Apart from this, there are three other deals that grabbed the limelight:
InMobi acquires UK mobile location & context tech startup Overlay Media
Shriram Group to float VC, angel funds
Biotech association forms angel fund
Dialysis chain DCDC in talks to raise $5.5 M
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