Nikhil reports that InfiBeam has acquired Picsquare. Picsquare was one of the first startups that I covered on StartupDunia.
No details about the deal are available, but assuming that Picsquare had a lucrative exit, want to congratulate Manish and Kartik on the successful exit.
Hi Pranav,
updated – Manish says it’s not an exit – the team will stay on with Infibeam. He declined to comment on the specifics – whether there’s a lock-in period (in which case it’s an exit), or there’s stock involved (which means they’re coming on board.
one small thing about the post – MediaNama reports..not Nikhil reports
nikhil,
if it isnt an exit, I’m trying to make sense of the acquisition
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