yahoo acquires indian startup bookpad

Business India Mergers & Acquisitions News Sep 23, 2014

By Maneka Tanwani

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Close on the heels of reaping benefits from the Alibaba IPO,

tech giant Yahoo has bought Bangalore-based year-old startup

Yahoo acquires Indian startup Bookpad http://e27.co/yahoo-acquires-indian-startup-bookpad-20140922/

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However, The Times of India reports it is just under US$15

million.

The development comes just few months after Facebook bought

another Bangalore startup Little Eye Labs. This shows that

Indian startups are on the world map and Bangalore is living up

to its title of the countrys Silicon Valley.

Bookpad is founded by three young innovators and graduates of

Indian Institute of Technology Guwahati. Founders Aditya

Bandi, Niketh Sabineni, Ashwik Battu are all in their early 20s.

Its flagship product Docspad allows document embedding and

annotation to a users app. It supports all popular document

formats PDF, Word, Excel and works across devices.

According to the company website, it is useful for cloud storage

services, collaboration apps, e-learning platforms, productivity

software, etc.

The company was incubated at NASSCOM 10,000 Start-ups

and Government of Karnatakas Startup Warehouse. It was also

later part of Microsofts Accelerator Programme.

Also Read: Biggest challenge in India is to get

early-stage funding: Rajat Tandon

Bookpads big break came when it participated in NASSCOMs

Innotrek, a trip to Silicon Valley earlier this year that was

designed to help Indian startups to meet US technology giants

and familiarise them with the startup environment there.

During the trip, they met M&A consultant Rob Schram, who

later helped broker the deal between Yahoo and Bookpad, said

the Times of India report.

e27 has reached out to Bookpad to further understand the deal.

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2 of 4 3/28/2015 11:17 AM

Passionate about the English language, writing is Maneka's

first love. Putting her thoughts on paper makes her happy,

and getting paid to do what she loves is the cherry on the

cake! She has about eight years of experience in the Indian

media space. A business journalist, she has worked across

genres such as business technology, HR, leadership,

marketing, advertising, etc. Maneka is based in Mumbai,

India.


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yahoo acquires indian startup bookpad

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