Published on : Jul 13, 2017
Google, the global Internet giant that everyone knows, has finally made its foray into the Indian markets through the acquisition of a new company names Halli Labs. The startup was merely four months old and is dealing with machine learning and artificial intelligence technologies. The startup was primarily focused on helping resolve the key issues plaguing the Indian population.
Google Excited to Enter India
According to an email sent by a Google spokesperson to those concerned, Google seems to be excited to acquire Halli Labs. The acquired teams will be joining the Google teams that are currently paying close attention to creating products and designs intended to cater to the billions of users expected to come up online over the coming years. A massive chunk of the new user base is likely to come from India, which explains Google’s special interest in the country. The terms of acquisition and the value of the deal were, however, not revealed in the letter.
Teaching an Old Dog New Tricks
Pankaj Gupta, the founder of Halli Labs, was initially working with Stayzilla, a regional alternative to the now popular Airbnb. Stayzilla was grounded due to unsuccessful returns and Pankaj then left to form Halli Labs. The original intention of founding Halli Labs, as stated by Pankaj, was to apply modern technologies from artificial intelligence and machine learning on to the older problems and domains in India.
India is currently one of the largest markets for internet companies, a factor being gained advantage of by some of the largest companies in the world, including Google, Apple, and Facebook. These companies are coming to India to look for business as well as talent, both of which are increasing in proportion as time progresses.