AI Startup Halli Labs Acquired by Tech Giant Google!
Google’s Caesar Sengupta announced the acquisition on Wednesday. The company was founded by Pankaj Gupta, a data scientist who was the chief technology officer at Stayzilla.
Google has placed India as one of its core markets as is evident from the company’s recent moves in the country. Acquisitions by internet giants in India have been far and few.
Google’s next billion program is to cater to the non English speaking population in emerging markets, primarily in India. The effort is led by Caesar Sengupta who runs a team of about 120 people spread across Hyderabad (led by Jay Kota), Zurich and Singapore. The Hyderabad team is about 20-30 people, a source said.
What underscores more appetite for acquisitions from Google is that it has hired Seema Rao to head corporate development in Asia, “This will be her full time job and mostly around helping Caesar’s team,” said a person briefed on her role. Rao, formerly of Avendus Capital, was hired nearly 8 months ago. She is the only person on the job now. Google is likely to look at companies that create products for non English speaking population.
Fusion Analytics World Opition: This is a very interesting acquisition with Google making rapid strides in the analytics space. Recently it acquired Kaggle, a analytics competition platform. Pankaj & team will bring lot of value to the table. Will keep track of this…
Kalyan Banga223 Posts
I am Kalyan Banga, a Post Graduate in Business Analytics from Indian Institute of Management (IIM) Calcutta, a premier management institute, ranked best B-School in Asia in FT Masters management global rankings. I have spent 14 years in field of Research & Analytics.