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The M&A Game Of Indian Founded Startups In January
By siliconindia
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160by2 Acquired By Way2SMS
In yet another acquisition in India, Way2SMS acquired 160by2. With a plan to target a turnover of 
60 crore in the financial year 2012-13, this acquisition was performed for an undisclosed sum. Both the companies are Person-to-Person messaging portal. The founder and CEO of Way2Sms.com feels that the acquisition will not only broaden their customer penetration to 33 million unique internet users, but also give them access to 35 percent of the total internet users in India. Founded in December 2006 by Raju Vanapala, the site also allows for free text messaging, chat, email, and social media alerts.
