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Naya Ventures to invest up to $2 mn in Hyderabad firm

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Naya Ventures, a US-based venture capital firm, will be investing up to $2 million in Global Outlook, a cloud-based business communications service provider from Hyderabad.

Global Outlook, which offers services using Microsoft’s core communication products under software as a service (SaaS) model, was started in 2007 and currently claims to have 10,000 users from 70 enterprises.

While the company has so far received $2 million from various individual investors, it is now seeking funding for expansion of its marketing operations outside India, according to Raghu Kumar, CEO. It will be requiring up to $2 million for the market expansion plans, he said.

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Info Edge acquires MakeSense Tech for Rs 8 cr

Internet firm InfoEdge, which owns job portal Naukri.Com, today said it has acquired software developer MakeSense Technologies for Rs 8 crore.

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