Motu Novu’s Client Mufumbo Labs, Inc. completed today the sale of its subsidiary Allthecooks LLC to Cookpad, Inc. The subsidiary was spun-off last October to encapsulate the wildly successful social cooking platform Allthecooks, developed by Mufumbo Labs.
The transaction amount is confidential, and we will most certainly NOT spill the beans, but we can say in earnest that it was a very, very satisfactory deal, for both sides. Congratulations to Silvia Curioni, Rafael Sanches, and Luciano Curioni, the Co-Founders of Mufumbo Labs, for their latest success. Ad maiora.