 "AnyCommerce acquires online book lender iLoveRead.in")
iLoveRead.in is a five year old company that enjoys patronage, especially suburbs like Sholinganallur, Tambaram, and Mogappair.
It is the brainchild of Amrutash Misra and Sahil Gore and it was incubated at IIT Madras in 2009 - 2011.
iLoveRead.in's is the second acquisition by AnyCommerce founded by Senthil Nayagam, who previously cofounded RailsFactory. Food Delivery Network GoGrab.in was the first company to be acquired by AnyCommerce.
Nayagam commented that iLoveRead.in's acquisition as part of company's growth strategy and part of company's long-term plans to expand.
"We are in the process of consolidating B2B and B2C ecommerce startups and would want to start operations in 10 cities in the next 18 months. Our Bengaluru operations should be up by January 2015, he said.