TechCrunch: Hearst Acquires Kaboodle for $30+ million

This is the second recent acquisition announcement for Hearst Interactive Media - UGO for around $100 million last month, and tonight they are announcing the acquisition of Kaboodle, a social shopping service that launched in late 2005.

Kaboodle, founded by Manish Chandra, Keiron McCammon, Chetan Pungaliya, closed a key distribution deal with eBay a year ago. Comscore numbers show rapid growth, with 2 million or so unique monthly visitors currently.

The acquisition price is not being disclosed, but we’re hearing it
was somewhere between $30 - $40 million, all cash. The company raised
three rounds of financing totaling $5 million from Shea Ventures,
Kanwal Rekhi, Jeff Clavier, Ron Conway, Garage Ventures, Georges Harik,
Rajeev Motwani, Iggy Fanlo and others.

One other thing we’ve heard - investor Ron Conway was “instrumental”? in putting this deal together.

Source: TechCrunch

1 Response to “TechCrunch: Hearst Acquires Kaboodle for $30+ million”


  1. 1 Mysterious Admirer

    I thought Kaboodle got acquired a long time ago so why mention it now?

Leave a Reply






click to subscribe

On Average, How Many Domains Do You Sell A Year?

  • 0-19 (65%, 11 Votes)
  • 20-49 (18%, 3 Votes)
  • 500 or more (6%, 1 Votes)
  • 100-499 (6%, 1 Votes)
  • 50-99 (6%, 1 Votes)

Total Voters: 17

Loading ... Loading ...
Top domain name blog
namemedia-2.gif
February 2008
M T W T F S S
« Jan   Mar »
 123
45678910
11121314151617
18192021222324
2526272829