Google makes its first Indian acquisition
Google steps into the startup world!
Search Engine giant Google made its first acquisition in India. It took over Halli Labs, a four month old artificial intelligence(AI) and machine learning(ML) startup. The startup aims to provide solutions to Indians.
"We are excited that the Halli Labs team is joining Google. They'll be joining our team that is focused on building products that are designed for the next billion users coming online, particularly in India," said a Google spokesperson in an emailed statement.
Pankaj Gupta, Founder, Halli Labs is a PhD in Computer Science from Stanford University. The company started in April this year, a month after the owner quit his job with Stayzilla.
"Welcome @Pankaj and the team at @halli labs to Google. Looking forward to building some cool stuff together," said Caesar Sengupta, vice-president, product management, Google.
In January 2014, Facebook acquired Bengaluru-based Little Eye Labs, a startup that keeps a track on the performance of Android-based mobile apps. The next year Twitter acquired another Bengaluru-based startup ZipDial, which built a business through India's habit of missed calls to connect with others. In 2016, Apple took over Hyderabad-based AI start-up Tuplejump.
India had provided a strong platform to internet companies like Google, Facebook and Apple. Over the days, the startups have become dominant and it has helped focus on building products that solve customer problems both in India and abroad.
With technology giants like Google stepping into the startup space, do you think this could give birth to many more startups? Please share your views with us.
Excerpts from Business Standard