Many Indians take the risk of starting their own venture, especially in the field of technology. However, there are only a few who are rewarded handsomely for taking that risk. Making the right decisions can lead to the success of a company, and when it comes to selling the company, the right choice is what makes it or breaks it. Selling too early and selling too late, both roads lead to financial regret and loss of zeros at the end of the number on the cheque. Here’s a list of few Indians companies that sold to the western giants such as Facebook, Google and others:
1. TupleJump
TupleJump was a Hyderabad based startup which focused on machine learning, a field of artificial intelligence. The company was acquired by Apple very quietly, sometime in 2016, for a whopping $20 million. The company comprised a very small team of 16 at the time of acquisition. It was started in 2013. It is Apple’s first acquisition in India.
2. Flutter
Navneet Dalal and Mehul Nariyawala founded Flutter, a startup focusing on gesture based technology. The company is known for their “flutter app” which allowed users to control apps such as iTunes, VLC and others using hand gestures and movements. The brilliance of the app lay in the fact that no additional hardware was required, unlike Microsoft’s Kinect, at that time. It was acquired by Google in October 2013 for $40 million.
3. AppDynamics
Jyoti Bansal founded AppDynamics in 2008. It is an IT operation and application performance maintenance company, working majorly in the area of managing performance and availability of applications on cloud platform. It was acquired by Cisco for $3.7 billion.
4. Little Eye Labs
This Bangalore based startup makes software which analyses the performance of android apps and generates detailed reports. It was acquired by Facebook in January 2014. Although the actual amount hasn’t been disclosed, the deal is said to have been sealed in the range of $10-15 million. It was the first Indian company acquired by Facebook.
Kavach Chandra