If the deal gets through, ZipDial would become Twitter’s first acquisition in India
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Micro blogging platform Twitter is in talks to acquire ZipDial, Bengaluru-based mobile value-added service company, technology news portal TechCrunch said.
Its report quoting multiple sources said the California-based company might have already closed the deal.
“The information we’ve been hearing pegs a deal between the companies at different stages. Sources tell us that it has already closed and is in the region of $30-40 million. It could be announced as soon as this week,” the report said.
Repeated attempts to reach to ZipDial founders for comments did not yield any results. In a reply to an email query, a Twitter spokesperson said, “We don’t comment on rumour and speculation”.
Founded in 2010 by Sanjay Swamy, Valerie Rozycki, and Amiya Pathak, ZipDial is a cloud-based mobile and analytics platform, which help companies reach out their targeted audience and do marketing through ‘missed calls’.
Swamy, also the founder of mobile payment start-up mCheck and a former technology volunteer at Unique Identification Authority of India, is currently the chairman of the firm.
ZipDial has raised undisclosed amount of funding from AngelPrime (Swamy is a managing partner there), Mumbai Angels, Jungle Ventures, 500 Startups and Times Internet.
If the deal gets completed, ZipDial would become Twitter’s first acquisition in India.
The fledgling Indian start-up space has started getting attention from global technology firms looking for acquisitions.
In December 2013, social networking site Facebook had acquired Little Eye Labs, a Bengaluru-based start-up that used to develop software tool to analyse the performance of Android apps.
