Alibaba-backed co buys desi startup

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Barely a month after internet giant Yahoo acquired Bangalore startup Bookpad comes yet another similar acquisition.

Chinese e-commerce behemoth Alibaba Group-backed Quixey is acquiring Bangalore-based mobile application startup Dexetra. The deal is said to be valued at $10-15 million (Rs 60-90 crore).

Quixey , a US-based mobile app search engine, will set up a Bangalore office shortly and all 15 employees of Dexetra will be part of its India oper ations, said sources familiar with the development.

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Software products think tank The Indian Software Products Industry Roundtable (iSpirt) is said to have facilitated the deal. Sanat Rao, partner M&A in iSpirt, declined to comment.

Quixey , founded in 2009 by Tomer Kagan and Liron Shapira, helps people to search through the clutter of mobile, desktop, web, and browser apps.Quixey partners with major app stores, search engines, manufacturers, carriers and web platforms to power app search globally. Last year, the US star up raised $50 million in a round ed by the Alibaba Group. The ompany has raised $74.2 mil ion to date. When TOI contact d Quixey, the company's global ommunications head Lara Sasken said, “I cannot confirm his information.“

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Dexetra shot to fame when it aunched a Siri-like Android application Iris that uses artificial ntelligence, machine learning, and natural language process ng. Dexetra was founded in 010 by six technology profes ionals -Narayan Babu, Yaser Hameed, Nithin John, Eby Chembola, Aibin Verghese and Binil Antony .

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