Yahoo buys Bookpad for Rs. 50 Crores
CoolAvenues Newswire | September 22,2014 05:47 pm IST
Bangalore based start-up Bookpad, which has built an end to end document handling technology for the cloud is being acquired by Yahoo for Rs.50 Crores and the team is expected to move to Silicon Valley.
Bookpad started in 2013 by Niketh Sabbineni, Aditya Bandi and Ashwik Reddy enables customers create and format text documents online and also collaborate with other people in real time. The company’s product Docspad enables document embedding, annotations and editing in enterprise applications.
Bookpad was supported by NASSCOM and Microsoft Ventures Accelerator.