Business, Investments

Alibaba-backed Quixey to Acquire Bangalore Based Mobility Startup Dexetra

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After Yahoo acquired Bangalore startup Bookpad, now Alibaba backed company Quixey, is acquiring Bangalore-based mobile app developer, Dexetra with an aim to establish its foot print in India.  Both companies have been in talks from the last four months and now are in final stage of negotiations to close the deal. The deal amount is said to be USD 10-15 million.

As part of the acquisition, US-based Quixey, which describes itself as a ‘mobile app search engine’, will set up a Bangalore office shortly and all 15 employees of Dexetra will join its India operations, reported TOI.

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Also Read: Yahoo Acquires Indian Tech Startup Bookpad for USD 8.3M

In September, value-added service provider, Verse Innovations was close to buying Dexetra, but that deal fell through, said one of the source familiar with the matter. Dexetra was started in 2010 and its apps- Friday (anticipate  the user’s mood) & Dialapp (calling assistant) mobile app claims to have a million active users. Till date, It has secured a total funding of USD 1.2 million from Qualcomm Ventures, Sequoia Capital and one97 Mobility Fund.

See Also: Mobile app search engine Quixey raises USD 50 Mn from Alibaba Group and others

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Last year, Quixey raised USD 50 million led by Alibaba Group and currently has a total capital of USD 74.2 million. it helps people in searching mobile, desktop, web and browser apps. Quixey has partnered with a number of major app stores, search engines, manufacturers, carriers and web platforms to power app search globally.

Quixey was founded in 2009, it initially competed with app discovery tool Chomp which was acquired by Apple in 2012.

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