Indonesian Bike hailing app Go-Jek
has acquired Pune based app development company LeftShift Technologies Pvt. Ltd
for an undisclosed amount to strengthen its product development efforts, making
its fourth acquisition of an Indian firm.
It helped more than 200 companies
design and develops mobile apps, including companies such as BookMyShow,
Practo, OYO, Byju’s Classes, Airtel and Emerson. It also counted Go-Jek as one
of its customers. The product
development centre, which has about 60 employees now, comprises developers,
data scientists, designers and product managers who work on mining data and
delivering better experiences for consumers.
Go-Jek had earlier acquired
Bengaluru-based home healthcare start-up Pianta in August. In February, the
firm announced that it bought Bengaluru-based software engineering company C42
Engineering India Pvt. Ltd and Delhi-based development and operations company
CodeIgnition Software Solutions Pvt. Ltd for engineering talent. These deals
are so-called acqui-hires, which is jargon for an acquisition made to gain
access to the employees of the acquired company.
Go-Jek offers stock options to the
employees of its acquired companies that vest over four years. Go-Jek was
started by Harvard graduate in 2011 and is the first Indonesian start-up to
achieve the “unicorn” status after a $550 million funding round in August led
by KKR and Warburg Pincus.
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