Hotmail founder Sabeer Bhatia has bought struggling internet company Jaxtr.
JaxtrSMS, co-founded by Bhatia and Yogesh Patel, is an application that allows users to send text messages for free anywhere in the world. It took Bhatia and a team of 50 people over a year to come out with the latest offering. While Bhatia has announced three more ventures - Arzoo, Instacoll and SabseBol - after Hotmail, JaxtrSMS would see him back at the helm as a chief executive officer.
The Sabeer Bhatia-backed firm plans to cover 30 countries by next year
On Thursday, Sabeer Bhatia, chief executive and co-founder of Jaxtr, launched a global SIM card for travellers.
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