Yahoo acquires Indian startup Bookpad

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http://e27.co/yahoo-acquires-indian-startup-bookpad-20140922/

News

Sep 23, 2014

By Maneka Tanwani

87 days to celebrate Asias brightest technology and digital innovations at

Echelon Asia Summit 2015.

Close on the heels of reaping benefits from the Alibaba IPO,

tech giant Yahoo has bought Bangalore-based year-old startup

3/28/2015 11:17 AM

Yahoo acquires Indian startup Bookpad

2 of 4

http://e27.co/yahoo-acquires-indian-startup-bookpad-20140922/

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However, The Times of India reports it is just under US$15

million.
The development comes just few months after Facebook bought
another Bangalore startup Little Eye Labs. This shows that
Indian startups are on the world map and Bangalore is living up
to its title of the countrys Silicon Valley.
Bookpad is founded by three young innovators and graduates of
Indian Institute of Technology Guwahati. Founders Aditya
Bandi, Niketh Sabineni, Ashwik Battu are all in their early 20s.
Its flagship product Docspad allows document embedding and
annotation to a users app. It supports all popular document
formats PDF, Word, Excel and works across devices.
According to the company website, it is useful for cloud storage
services, collaboration apps, e-learning platforms, productivity
software, etc.
The company was incubated at NASSCOM 10,000 Start-ups
and Government of Karnatakas Startup Warehouse. It was also
later part of Microsofts Accelerator Programme.
Also Read: Biggest challenge in India is to get
early-stage funding: Rajat Tandon
Bookpads big break came when it participated in NASSCOMs
Innotrek, a trip to Silicon Valley earlier this year that was
designed to help Indian startups to meet US technology giants
and familiarise them with the startup environment there.
During the trip, they met M&A consultant Rob Schram, who
later helped broker the deal between Yahoo and Bookpad, said
the Times of India report.
e27 has reached out to Bookpad to further understand the deal.
3/28/2015 11:17 AM

Yahoo acquires Indian startup Bookpad

3 of 4

http://e27.co/yahoo-acquires-indian-startup-bookpad-20140922/

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Passionate about the English language, writing is Maneka's

first love. Putting her thoughts on paper makes her happy,
and getting paid to do what she loves is the cherry on the
cake! She has about eight years of experience in the Indian
media space. A business journalist, she has worked across
genres such as business technology, HR, leadership,
marketing, advertising, etc. Maneka is based in Mumbai,
India.

3/28/2015 11:17 AM

Yahoo acquires Indian startup Bookpad

4 of 4

http://e27.co/yahoo-acquires-indian-startup-bookpad-20140922/

Looking for in-roads into Indonesia? Get insights from regional experts at Echelon Indonesia 2015.
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Find Out More

3/28/2015 11:17 AM