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It was rumoured earlier that Bharti Telesoft was lapping up the Bangalore based mobile handset software company Jataayu Software. The Economic Times reports that the Delhi-based Bharti arm may have reached an agreement to buy the startup for $20 million. Bharti Telesoft is the value added services subsidiary of Bharti Enterprises, which owns majority stake in Bharti Airtel. The company has backing from Sequoia Capital India and Cisco.
Jataayu, a seven year old company founded by Mahesh Kumar Jain, had received an investment from TCS in 2000. According to ET, the company has backing from GE Capital too. Jataayu is said to have revenues of $10 million. The company provides products and services in mobile internet area such as WAP 2.0, MMS, SMS, SyncML, instant messaging, and internet messaging for mobile operators, mobile devices, enterprises, and portals.