Alibaba-backed co buys desi startup
Barely a month after
internet giant Yahoo acquired Bangalore startup Bookpad comes yet
another similar acquisition. Chinese e-commerce behemoth Alibaba
Group-backed Quixey is acquiring Bangalore-based mobile application
startup Dexetra. The deal is said to be valued at $10-15 million (Rs
60-90 crore).
Quixey , a US-based mobile app search engine, will set up a Bangalore office shortly and all 15 employees of Dexetra will be part of its India oper ations, said sources familiar with the development.
Software products think tank The Indian Software Products Industry Roundtable (iSpirt) is said to have facilitated the deal. Sanat Rao, partner M&A in iSpirt, declined to comment.
Quixey , founded in 2009 by Tomer Kagan and Liron Shapira, helps people to search through the clutter of mobile, desktop, web, and browser apps.Quixey partners with major app stores, search engines, manufacturers, carriers and web platforms to power app search globally. Last year, the US star tup raised $50 million in a round led by the Alibaba Group. The company has raised $74.2 million to date. When TOI contacted Quixey , the company's global communications head Lara Sasken said, “I cannot confirm this information.“
Dexetra shot to fame when it launched a Siri-like Android application Iris that uses artificial intelligence, machine learning, and natural language processing. Dexetra was founded in 2010 by six technology professionals -Narayan Babu, Yaser Hameed, Nithin John, Eby Chembola, Aibin Verghese and Binil Antony .
Quixey , a US-based mobile app search engine, will set up a Bangalore office shortly and all 15 employees of Dexetra will be part of its India oper ations, said sources familiar with the development.
Software products think tank The Indian Software Products Industry Roundtable (iSpirt) is said to have facilitated the deal. Sanat Rao, partner M&A in iSpirt, declined to comment.
Quixey , founded in 2009 by Tomer Kagan and Liron Shapira, helps people to search through the clutter of mobile, desktop, web, and browser apps.Quixey partners with major app stores, search engines, manufacturers, carriers and web platforms to power app search globally. Last year, the US star tup raised $50 million in a round led by the Alibaba Group. The company has raised $74.2 million to date. When TOI contacted Quixey , the company's global communications head Lara Sasken said, “I cannot confirm this information.“
Dexetra shot to fame when it launched a Siri-like Android application Iris that uses artificial intelligence, machine learning, and natural language processing. Dexetra was founded in 2010 by six technology professionals -Narayan Babu, Yaser Hameed, Nithin John, Eby Chembola, Aibin Verghese and Binil Antony .
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