Exclusive: Karvy Acquires iTrust, Gurgaon Based Personal Finance Startup.

Banglore, Feb. 2 -- Online trading and financial services company, Karvy has acquired the Wealth management business of itrust financial advisors (read our coverage of iTrust), a startup based out of Gurgaon.

Recently, Personal finance startup, RupeeTalk was acquired by NetAmbit, a financial services distribution company.

So it seems that offline business is now realizing the significance of Internet world (for reach). The online players, in their current form are looking to expand into the offline world for distribution. And hence the match.

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