The mobile content delivery company had raised about $21m from backers including Cisco, Qualcomm and IDG, but has reportedly been acquired for less than $4m.
Networking technology producer Cisco and wireless technology producer Qualcomm have exited India-based mobile video delivery platform Apalya Technologies through an acquisition by digital media company Arre, the Economic Times has reported.
Founded in 2005, Apalya has developed a video delivery platform that optimises content across all screens. Arre paid between Rs 200m and Rs 250m ($3m to $3.8m) in cash for the company, sources told ET.
Qualcomm’s corporate venturing unit Qualcomm Ventures and IDG Ventures India, the local venture capital…
