Indian Start-up Company Bookpad has been acquired by Yahoo. Bookpad was incubated at the Karnataka Government-backed Startup Warehouse in Bangalore. As reported by The Economic Times, the Internet giant has apparently snapped up the company for roughly $8.3 million and The Times of India says the deal is likely to have been agreed upon for the higher price of $15 million.
The company is known its product DocsPad. Lets users view and edit any document within a website or App. Unlike Google Docs or Microsoft Office 365, it is not a consumer-facing service. DocsPad has been designed to simplify editing documents online. It provides an API that can get integrated into services and apps allowing for editing of various file types including - Word, PowerPoint, Excel, PDF, ODT, ODP, ODX, ePub 2.0 and most common image formats.
This is not the first start-up from India that a company from the US has acquired in 2014. Earlier this year, Facebook lapped up Little Eye Labs, the company develops performance analysis and monitoring tools for Android developers and Google also bought India based spam fighting company Imperium.
Good news for three young entrepreneurs, and graduates of IIT Guwahati are all in their twenties Ashwik Reddy, Niketh Sabbineni, Aditya Bandi with Yahoo acquiring their city-based start-up can still pull out the successful start-up stories. The fact that major players are eyeing Bangalore start-ups is putting the sparkle back in India's Silicon Valley.
For more details, visit DocsPad website
The company is known its product DocsPad. Lets users view and edit any document within a website or App. Unlike Google Docs or Microsoft Office 365, it is not a consumer-facing service. DocsPad has been designed to simplify editing documents online. It provides an API that can get integrated into services and apps allowing for editing of various file types including - Word, PowerPoint, Excel, PDF, ODT, ODP, ODX, ePub 2.0 and most common image formats.
This is not the first start-up from India that a company from the US has acquired in 2014. Earlier this year, Facebook lapped up Little Eye Labs, the company develops performance analysis and monitoring tools for Android developers and Google also bought India based spam fighting company Imperium.
Good news for three young entrepreneurs, and graduates of IIT Guwahati are all in their twenties Ashwik Reddy, Niketh Sabbineni, Aditya Bandi with Yahoo acquiring their city-based start-up can still pull out the successful start-up stories. The fact that major players are eyeing Bangalore start-ups is putting the sparkle back in India's Silicon Valley.
For more details, visit DocsPad website
