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Google to Invest or Aqui-hire Startups in India

Google's would be tapping the next billion internet users, typically from India’s small cities and towns, through technology-enabled firms in the financial services, healthcare, education or mobile utilities sectors.

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Google to Invest or Aqui-hire Startups in India. Google Corporation to directly invest in or acquire companies or hi-tech startups that would serve as Google’s base camp in India.

The next generation digital growth’s scope is maximum in a developing country like India and therefore Google has begun exploratory talks with startups and venture capital investors, in what could lead to its first acquisition of an Indian company, according to some sources directly leading the matter.

One of them said, “transaction is on cards”. Another person, an investor, said “Google is unlikely to invest in consumer-internet companies such as online retailers”. It had recently hired Seema Rao, who was previously the vice-president at investment bank Avendus Capital, to lead acquisitions and strategic investments, in India and South-east Asia.

The online search giant dominates the domestic digital advertisement market but its next phase of growth in the country would depend on how fast India is able to improve its network infrastructure and expand its number of internet users.

Google's would be tapping the next billion internet users, typically from India’s small cities and towns, through technology-enabled firms in the financial services, healthcare, education or mobile utilities sectors.

It is expected to focus on companies working in areas such as cloud computing and cybersecurity. Globally, it has acquired 70+ companies since 2014, according to data from CB Insights.

(As per Economic times report)- http://economictimes.indiatimes.com/small-biz/startups/google-in-buyout-talks-with-indian-startups-and-vc-firms/articleshow/57158151.cms


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