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Hemant Kohli-promoted Infokarma Services acquires BookAdda.com

Infokarma Services has acquired Bangalore-based online bookstore BookAdda.com. Infokarma is promoted by Hemant Kohli who was earlier CEO of IT&T, a company he had co-founded, grown to over 600-man team and listed on BSE/NSE. He subsequently exited IT&T after its acquisition by iGate. Arjun Kumar, founder and CEO of BookAdda, has joined Infokarma and will be working with Hemant Kohli to build a scalable ecommerce business.

Infokarma Services has acquired Bangalore-based online bookstore BookAdda.com. Infokarma is promoted by Hemant Kohli who was earlier CEO of IT&T, a company he had co-founded, grown to over 600-man team and listed on BSE/NSE. He subsequently exited IT&T after its acquisition by iGate. Arjun Kumar, founder and CEO of BookAdda, has joined Infokarma and will be working with Hemant Kohli to build a scalable ecommerce business.

Hemant Kohli has said, “I am delighted to join hands with BookAdda to get into the ecommerce business. BookAdda provides us an excellent platform to leapfrog into the business. BookAdda has already got thousands of satisfied customers and is shipping hundreds of books every week from its diverse collection of over 1,000,000 books. It has a great, scalable technology platform backed by an excellent SEO/SEM strategy which we intend to leverage fully and build a multi-category, deep selection portal for the Indian market in the near future.”

Arjun Kumar has added, “We are confident that Hemant’s vast entrepreneurial experience of successfully building large teams, raising money and succeeding in Indian market would be a great asset for us to help win in the marketplace. Hemant had been mentoring us for over six months and we had a great connect and complete buy-in into the vision of building a great ecommerce business. This synergistic merger just fell into place seamlessly and I think we are extremely lucky and right timed to have come together.”

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