Bangalore based Bookpad founded by three pass outs of IIT-Guwahati has been recently acquired by Yahoo. Though financial terms of the deal are not been disclosed but reports suggest that Bookpad has been acquired for over $15 Mn.
Bookpad’s acquisition comes just a few months after Bangalore based Little Eye Labs was acquired by Facebook.
As a part of the deal, Bookpad’s team including its founders Aditya Bandi, Niketh Sabbineni, and Ashwik Battu, will be moving to Silicon Valley.
Bookpad’s flagship product, Docspad provides a set of cloud APIs to app developers which can be used to receive instant document handling within their respective applications i.e. it enables customers to provide preview, edit and manage any documents on their cloud – right in their application user interface. It also provides features like collaborative editing, commenting, annotations and others options.
Currently, Bookpad supports 15 different document formats on its platform.