The Chinese e-commerce giant Alibaba Group-backed Quixey announced on 6 November 2014 that it will be buying Bengaluru-based mobile application start-up Dexetra. The acquisition by Quixey is worth 10-15 million US dollars (60-90 crore rupees).
As part of the deal, the US-based mobile app search engine Quixey will be setting up its office in Bengaluru and all the 15 employees of Dexetra will be part of its operation in India.
The deal was facilitated by the Indian Software Products Industry Roundtable (iSpirt).
The acquisition of another desi start-up comes one month after the Yahoo acquisition of Bengaluru based start-up Bookpad.
Quixey was founded in 2009 by Tomer Kagan and Liron Shapira. It helps people to search through the clutter of mobile, desktop, web, and browser apps.
Quixey partners with major app stores, search engines, manufacturers, carriers and web platforms to power app search globally.
Dexetra was was founded in 2010 by six technology professionals — Narayan Babu, Yaser Hameed, Nithin John, Eby Chembola, Aibin Verghese and Binil Antony.
The company shot to fame when it launched a Siri-like Android application Iris that uses artificial intelligence, machine learning, and natural language processing.
When: 6 November 2014