Twitter in negotiations to acquire Indian startup ZipDial

  • ANI, Washington
  • Updated: Jan 13, 2015 15:07 IST

A report has said that a new acquisition may be on the cards for Twitter as it is in negotiations to buy ZipDial, a startup founded in India that has honed in on a mobile use practice that is unique to the Indian market.

People who call numbers but hang up before the call is answered, using the action as a simple alert that comes free-of-cost, becomes the basis of other commercial actions, and analytics to track everything, reported Tech Crunch.

Sources said that the deal is likely to be priced between 30 million and 40 million dollars and may be announced as soon as this week.

Another source said that two companies have been looking to acquire ZipDial, including Twitter.

ZipDial was co-founded by Stanford-educated, U.S. transplant Valerie Wagoner (CEO), Amiya Pathak (the COO who has also worked and studied across India and the U.S.), and Sanjay Swamy (chairman and an active investor in other startups).

If the deal is sealed, it would be the latest in a series of acquisitions of Indian startups by U.S. companies, keen on capitalising on the opportunity to pick up talent, knowledge and traction in the world?s biggest and one of the fastest-growing markets.

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