Times Internet, Indian digital product company and part of The Times of India Group, announced today that it has acquired a personal finance platform, Moneysights for an undisclosed amount.
Founded in 2009 by Mukesh Kalra & Santosh Navlani, both early employees at InMobi, as a digital platform that enabled consumers to discover, personalize, buy, and manage their investments. The company had also raised funding from ex-HP & IBM senior executive Prasad Duvvuri, Blume Ventures & inmobi’s Naveen Tewari.
The venture was put on hold due to funding constraints in 2012. Moneysights will now be further developed within Times Internet, and will operate under the leadership of its co-founder, Mukesh Kalra.
Satyan Gajwani, CEO of Times Internet said: “Mukesh and team hit upon a key consumer need: a smarter, more transparent way to manage your money. This was moneysights’ goal when it started, and we are happy to work together to actualize that vision. Mukesh has a great understanding of product and technology, and is passionate about the opportunity. We’re excited to jointly take forward this mission.”
Few months back, Times Internet has acquired a majority stake in Mumbai-based digital coupon marketplace CouponDunia as well as bought Dineout. Times internet, recently launched a web portal dedicated to the automotive industry, ETAuto.com.
Times Internet had partnered with UK based media group, Future PLC, to launch its international consumer technology news and reviews site TechRadar.