| 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.
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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