Twitter Buys Indian Company ZipDail for $35m

ZipDial has become the first Indian technology product startup to be brought by Twitter.  This is the third such deal led by a global corporation following the acquisitions by Facebook and Yahoo last year.

announced in an official tweet on Tuesday morning is expected to cost Twitter $34-35 million.

The Bengaluru based startup, co-founded by Valerie Wagoner has built a thriving business round the “missed call”. This feature is expected to help Twitter reach people who will come online for the first time in countries such as Brazil, India and Indonesia, mostly using a mobile device.

Twitter’s purchase has spurred anticipation in India’s exit-starved technology product sector. According to a study by iSpirt and investment bank Signal Hill, India recorded just 141 deals, compared with 4,728 in the US during 2010 and 2013. See more