Acquisition of Indian software
product startups by Facebook, Google, and Yahoo over recent months is the
tipping points for Indian Entrepreneurs. Bangalore based Bookpad become the
first Indian Tech Startup to be bought by Yahoo. The US Internet giant who is
in line to reap about $9.5 Billion from Alibaba IPO has bought the firm in a
deal worth around Rs 50cr. Yahoo has so far bought 100 companies.
Bookpad is competing with large
companies like Google and Crocodoc in document viewing. It allows users to
create and edit files from within their apps. It supports all popular documents
formats and works on desktops as well as mobile devices. It runs on HTML 5.
With this acquisition, we can expect Yahoo to bring Google Docs like features
in its Yahoo Mail service so that users can edit and share documents. This
means when you receive documents in the mail, you can open, edit, save
documents on the cloud.
Yahoo bought seventeen companies
after Marissa Mayer took over as CEO. Bookpad was originally named as Docspad,
where users can create spreadsheets, slideshows, from the web and save them on
cloud or in their mail. In January, Facebook also acquired Bangalore based
Little Eye Labs. It became the first Indian Firm to be acquired by Facebook. According
to some news, Walmart, Target, Microsoft, Thomson Reuters, and Goldman Sachs
are among also looking for suitable matches.
Several global bodies are engaging
with industry bodies like Nasscom and iSpirt to reach the right startups.
According to a report, Google senior Vice President Sundar Pichai attended a
roundtable organised by Nasscom, where he might with eight startups companies
of his interest. Nasscom is also looking to organize the same roundtable for
Microsoft CEO Satya Nadella, who is set to visit India this month. A year
before, US companies were not looking towards Indian companies but now most of
them are looking towards Indian start-ups to grow their business.
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