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15 notable Indian startup acquisitions by global companies

Emmanuel Amberber & Ayush Sharma
16th Mar 2015
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Global_Indian_Startups_Acquisition_YourStory

 

Here are some highlights of the acquisitions.

BuyThePrice

BuyThePrice.com was a Hyderabad based deals portal, it was founded by Ranjith Boyanapalli, Tharachand Suryadevara and Jagdish Kothapalle.

Naspers invested about Rs 8.5 crore in BuythePrice around Jan 2012 and around 5 months prior to the acquisition, later BuyThePrice moved from a pure ecommerce play to a marketplace model.

BuyThePrice got acquired by Naspers backed Tradus.com in March 2013.

About Tradus:

Tradus.com is an online auction company operating in Central and Eastern Europe. In March 2008, the company was acquired by Naspers.

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Jigsee

Mumbai headquartered Jigsee was founded by Ray Newal and Areef Reza in April 2008, the company has its roots in Ottawa, Canada.

Jigsee’s proprietary technology and platform offers the widest distribution of uninterrupted mobile video streaming across 2.5G, 3G, LTE and Wi-Fi networks.

Jigsee raised Series A funding from the Indian Angel Network, Sequoia Capital. Jigsee got acquired by Vuclip in 2013.

About Vuclip:

Vuclip is the leading premium mobile video on demand service for emerging markets.

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redBus

Bangalore headquartered redBus was founded by Phanindra Reddy Sama in August 2006.

redBus is India's largest online bus ticket aggregator, currently the company is venturing in to hotel booking.

redBus raised funding from Inventus Capaital Partners, Helion Venture and Seed Fund.

It got acquired by the Ibibo Group, a joint venture of South Africa's Naspers and China's Tencent in June 2013 for $138 Million (INR 800 Crore).

About Ibibo Group:

Ibibo Group is an online travel organization founded in January 2007 by Ashish Kashyap. The company is a subsidiary of South African media giant Naspers.

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Bitzer

Bitzer was founded by Ali Ahmed, Indus Khaitan, Naeem Zafar in 2010, it had offices in Bangalore & California.

A mobile app solutions provider, Bitzer, allows companies to grant access to corporate data for employees via mobile devices.

They received a funding of $4.83 million in 2011 from Acero Capital and Chevron Technology Ventures Investments and $1.5 million debt-funding earlier in 2013 before getting acquired by Oracle.

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Cruxlight

Ahmedabad based Cruxlight, was founded by Nirmit Parikh in November 2012.

CruxLighta web summarization tool automatically distills the web article to its essence thus helping the user get the gist of the article and was acquired by Kno, a Silicon Valley based startup.

About Kno:

Kno started out as a hardware business and later pivoted into software. In a recent development, Kno has been acquired by Intel.

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Prizm Payment Services

Headquartered in Chennai, Prizm Payment Services was founded by in 2008 by Loney Antony.

Prizm Payment revolutionized payment services using ATMs and PoS systems.

Hitachi acquired Prizm Payment Services in November 2013 for $250 million, however no official statement was released.

About Hitachi:

Founded in 1910 and headquartered in Tokyo Hitachi is a highly diversified company that operates over ten business segments.

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Little Eye Labs

Bangalore head-quartered Little Eye Labs was founded in June, 2012 by Giridhar Murthy and Lakshman Kakkirala.

Little Eye Labs helped developers measure, analyze and optimize their app’s performance. After the deal the entire team of Little Eye Labs moved to California to join with their new team at Facebook.

The deal is believed to be in a range of $9 million - $15 million.

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Imperium

Founded in Bangalore Imperium was founded in 2011 by Vish Ramarao, Naveen Jamal and Mark Risher

Imperium is a technology development and creative services company which engages in the design, development, implementation, and support of database systems for client/server computing environments.

Imperium was funded by Highland Capital Partners, Accel Partners, AOL Ventures, Archimedes Capital, Charles River Ventures, Embarcadero Ventures, Freestyle Capital, Greylock Discovery Fund and Morado Ventures

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Bookpad

Bangalore based Bookpad was founded in 2013 by Ashwik Reddy, Niketh Sabbineni and Aditya Bandi.

Bookpad designs and invents technologies to solve problems surrounding digital content.

Bookpad'sproduct, DocsPad, enables users to annotate, view and edit any document within a website or app.

Yahoo acquired one-year-old Bookpad in, Sep 2013 for about under15 million USD

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iViZ Security

Bangalore based iViZ Security was founded in 2006 by Bikash Barai and Nilanjan De.

iViZ Security is an information security company which offers a cloud-based penetration testing service for web applications.

The company got acquired by Cigital Inc in 2014 for an undisclosed amount

About Cigital Inc.

Cigital is a software security firm which provides a full range of software security solutions and products to its clients.

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TSS

Mumbai based TSS(The Service Solution) was founded by Sreevathsa P. in in early 2009

TSShad built cloud based CRM for after-market-support for OEMs and other service providers.

Before the acquisition TSS was handling customers support for companies like Micromax, HCL, Voltas, AnyData Technologies, Fly Mobiles and D-Link.

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Marketelligent

Headquartered in Bangalore, Marketelligent was founded by Roy Cherian and Anunay Gupta in 2007.

Marketelligent is a data analytics company that helps businesses make the leap from basic reporting to predictive analysis.

Marketelligent got acquired for $70 million by Brillio in 2014.

About Brillio:

Brillio is a global technology consulting, software, and business solutions company.

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Converged Solutions

Converged Solutions is a Bangalore based IT distributions company founded by Michael Koh in 2009.

Converged Solution got acquired by Comguardin 2013

About Comguard:

Headquartered in Dubai, UAE, ComGuard is a leading Value added Distributor in the IT security space.

==========================

Junglee

Founded by Anand Rajaraman in 1996, Junglee got acquired by Amazon.

The shopping comparison site Junglee was launched in February 2012 by Amazon, to enable customers to find and discover products from online and offline retailers in India.

Amazon acquired Junglee in 1998 for an undisclosed amount.

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*This list is not an exhaustive list of exits.

**If there are startups we missed in this infograph, please comment your suggestions below. We'll add it on v.2

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