Gaia will get ownership of Netcore's IoT business and Netcore will invest in Gaia," Gaia Smart Cities Founder & CEO Sumit D Chowdhury told . "We have finalised deal to acquire IoT business of Netcore in an equity deal. New Delhi, Jun 12 () Internet devices firm Gaia Smart Cities has acquired Internet of Things business of communications service provider Netcore in a an equity deal. Recently, it also worked with Delhi government on water meter project providing water bill reading on mobile phones. Gaia Smart Cities was founded by Chowdhury and Bipin Pradeep Kumar last year.

Source: Times of India June 12, 2016 10:09 UTC