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Two announcements from Private Treaties, the investment arm of the Times Group. The first, it has acquired a minority stake (rumored to be in the 20-30% range) in social network Apnacircle.com. The venture funded by Sabeer Bhatia and headed by Yogesh Bansal doesn't seemed to have evolved an inch since we covered it last. Apnacircle positions itself as an online social and professional networking site, the former part of which would be in direct competition with group company TIL's recently launched iTimes.com.
The second piece comes via Alootechie, apparently Dekhona.com, which is in talks ... (Read Full Article)
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