August 24th, 2010 by Arjan Olsder Posted in Companies & M&A | No Comments »
Mumbai based Mauj Mobile has announced the acquisition of the UK based content provider Mobango. Through the acquisition, Mauj hopes to strengthen its position outside India.
The acquisition will also bring heaps of new content to Mauj, which was formerly focused on apps and games as well, though ringtone and wallpaper sales are going down on a global level.
Mauj is backed by Sequoia Capital, Westbridge Capital Partners and Intel Capital. Mauj raised $10 million since 2006. It is unclear what the acquisition will cost them, but it is known that Mobango raised $5.7 million back in 2007.
