Twitter has acquired ZipDial, the India-based startup that figured out how to convert the cultural “missed call” phenomenon into a lucrative business.
ZipDial built a mobile platform that lets users call a toll-free number where they intentionally hang up, triggering a missed call in exchange for goods and services.
ZipDial was founded in 2010, by Valerie Rozycki Wagoner(CEO), Sanjay Swamy and Amiya Pathak(COO). The company is backed by Blume Ventures, AngelPrime, Sunil Goyal of YourNest Ventures, and Mumbai Angels.
Twitter confirming its first acquisition in India said, “We’re very pleased to announce we’ve reached an agreement to acquire ZipDial (@zipdial), a product partner based in Bangalore, India, to make Twitter even more accessible to people around the world.
Over the next several years, billions of people will come online for the first time in countries like Brazil, India and Indonesia. For many, their first online experience will be on a mobile device – but the cost of data may prevent them from experiencing the true power of the Internet. Twitter, in partnership with ZipDial, can make great content more accessible to everyone.”
This acquisition significantly increases our investment in India, one of the countries where we’re seeing great growth, and also brings us a new engineering office in Bangalore.
Although the amount has not been disclosed but according to reports the transaction is estimated between $40-$50 million.
ZipDial built a mobile platform that lets users call a toll-free number where they intentionally hang up, triggering a missed call in exchange for goods and services.
ZipDial was founded in 2010, by Valerie Rozycki Wagoner(CEO), Sanjay Swamy and Amiya Pathak(COO). The company is backed by Blume Ventures, AngelPrime, Sunil Goyal of YourNest Ventures, and Mumbai Angels.
Twitter confirming its first acquisition in India said, “We’re very pleased to announce we’ve reached an agreement to acquire ZipDial (@zipdial), a product partner based in Bangalore, India, to make Twitter even more accessible to people around the world.
Over the next several years, billions of people will come online for the first time in countries like Brazil, India and Indonesia. For many, their first online experience will be on a mobile device – but the cost of data may prevent them from experiencing the true power of the Internet. Twitter, in partnership with ZipDial, can make great content more accessible to everyone.”
This acquisition significantly increases our investment in India, one of the countries where we’re seeing great growth, and also brings us a new engineering office in Bangalore.
Although the amount has not been disclosed but according to reports the transaction is estimated between $40-$50 million.
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