Venture Capital firm Matrix Partners has participated in Series A investment in mobile application development company Twist Mobile. Though the exact quantum of the funds is not clear, Twist Mobile is planning to utilize the same for new talent acquisition & adding more products to its current line up. As part of the investment, quite a few Matrix Partners’ employees will join the board of the...

Online gaming has been heavily invested in since Reliance ADAG’s Zapak.com came onto the scene in 2006 and started investing crores of rupees in this business. 2008 was a year in which online gaming players forged tie ups, went mobile and also chalked out plans to go international. The top online gaming sites of India are zapak.com, games2win.com, indiagames.com and new initiatives this year...