- Google has acquired India-based startup Sigmoid Labs, creator of the very popular app Where is My Train.
- The deal is reportedly worth somewhere in the range of $30 — $40 million.
- Where is My Train helps track train routes and schedules in India, without the need of internet data.
“We’re excited to share that Sigmoid Labs … is joining Google. We can think of no better place to help us achieve our mission, and we’re excited to join Google to help bring technology and information into more people’s hands,” the startup said in a post.
The Where is My Train app helps users in India track trains and learn routes, all without needing a data connection. The app uses cell tower information to locate the trains, and then uses downloaded timetables from Indian Railways to create routes.
Where is My Train has over 10 million downloads on the Google Play Store, and is one of the most popular train-based apps in India.
Reportedly, the Sigmoid Labs deal will cost Google somewhere in the range of $30 — $40 million. It’s also reported that Google sees the partnership with Sigmoid Labs as a major boon to its “Next Billion Users” campaign, which has a strong focus on developing nations such as India.
Sigmoid Labs has about 10 people on staff and was founded by four former executives at the TiVo Corporation.
December 10, 2018 at 07:37AM