Kiran Kumar, CEO of Adepto Solutions, declined to comment on the transaction, whose financial details were not disclosed.

Adepto, which had clients such as Kotak Mahindra and Snapdeal in the past, has pivoted itself from being a social app for e-commerce platform to helping build instant apps for Facebook. Its earlier product was known as Trolly, which has now given way to the current product Crowdnub. In 2011, Blume Ventures and Rajiv Dadlani Group had invested about $300,000 (about 1.8 crore) in Adepto Solutions. The investors are likely to get an exit with the transaction. Minjar which builds hosted cloud apps in areas of big data and security is likely to gain from the Adepto acquisition, which also offers a cloud-based platform.

The Adepto-Minjar deal comes at a time when another Bangalore-based startup redBus has been acquired by ibiboGroup, funded by South African company Naspers, MIH, for $100 million ( 593 crore). Besides Adepto, the startups which graduated from Microsoft's India accelerator this week are explara, deck, Harness, i7 Networks, iDOS, SupportBee, TableGrabber, Tuebora and Visarity.

Globally, it's the second acquisition within Microsoft's accelerator this year. MetricsHub, a Washington-based company that provides cloud monitoring with incident detection and remedy, was acquired by Microsoft in March. MetricsHub was part of a batch of 10 startups that were picked by Microsoft for its US-based accelerator that graduated early this year.

MS Accelerator appoints mentors which refrain from taking a stake in the startup they are mentoring to avoid a conflict of interest. "We provided the startups learnings from our own mistakes, we committed during starting-up. But mentoring them is a learning experience for us, as well," says Manish Sharma, cofounder and CEO of Printo Solutions, who was a mentor to the second batch of Microsoft India accelerator that graduated this week. The 10-member batch was selected from over 450 contestants who applied for the four-month programme.

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