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1. GrowthStory acquires 35% stake in OnlinePrasad.com
Bangalore based online store for offering and delivering Prasad & religious merchandise, OnlinePrasad has raised undisclosed amount of funds from Growthstory, an investment arm of technology entrepreneurs, K Ganesh and Meena Ganesh. With the investment, K Ganesh and Meena Ganesh have acquired a 35% stake in the company.
OnlinePrasad, founded by BITS’ian Goonjan Mall, leverages the internet and technology to offer puja at temples. It provides users with the choice to select the temple, the company buys and offers prasad on user’s chosen temple and delivers it to the user within 5 days.
2. MIH India confirms acquisition of RedBus, explains the key motivations behind it