| In our endeavor to further catalyze our growth
in the Indian market, we are constantly striving to work and invest
in early stage start ups, growing companies and cutting edge technologies
in the Internet and wireless space.
Some of the companies that we have invested in comprise:
ACL Wireless
In July, 2007, ibibo invested $12.3 Million for a strategic stake
of 30 per cent in ACL Wireless Limited, a leading India-based
service provider for mobile value added services to operators,
enterprises and consumers. Founded in 2000, the company employs
over 220 people and operates from its offices in Noida, New Delhi,
Mumbai & Dubai.
ACL's robust and unique solutions in the field of mobile communities,
instant messaging, carrier agnostic connectivity, billing and
content aggregation have benefited more than 27 mobile operators
in several emerging markets across the globe as well as over 100
tier-one enterprises, media companies and content providers in
India.
ACL was declared as Red Herring 100 Asia winner for 2006 and
has also been ranked amongst India's fastest growing technology
companies by Deloitte, two years in a row.
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Acquisitions
– Bixee.com and Pixrat.com
In December, 2007, ibibo completed 100 per cent acquisition of
Bixee.com and Pixrat.com, thereby adding strategic properties
and technology to its base, enabling ibibo to capitalize on India’s
growing Internet market.
Bixee.com and Pixrat.com are based out of Bangalore and founded
by ex-Yahoo employees Rajesh Warrier and Ruban Phukan. In addition
to all assets of Bixee.com including technologies, the founders
and team members of Bixee.com also became a part of ibibo.
Bixee.com launched in October 2005, as a vertical search technology
and is India’s first job search engine targeting the Indian
market. Pixrat.com launched in early 2006, is a social picture
book marking website that allows Users to collect, organize and
share pictures on the web.
Recently Pixrat was identified as one of the top 30 startups, outside the US
to watch for, by the Business 2.0 magazine, a widely read publication
when it comes to technology in general.
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