Google acquires Sigmoid Labs maker of Where Is My Train app
Google has had a "Next Billion Users" strategy for the past couple of years, tapping the next billion internet users in countries including India, Indonesia and Brazil.
December 10, 2018 / 05:33 PM IST
2. Beijing, Finance St | Country: China | Total occupancy cost: $189 (Image: Reuters)
Google has acquired Sigmoid Labs, which created the Where Is My Train app. In a statement on its website, the Bengaluru-based startup said, "...we’re excited to share that Sigmoid Labs, the team behind the 'Where is my train' app, 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."
Where Is My Train displays real-time updated train schedules and live train statuses. It can function offline without internet or GPS, according to the the app's description on the Google Play store.
The app has over 10 million downloads on Google Play Store.
As reported earlier Google was in the race to buy out Where Is My Train for $30-34 million along with Chinese smartphone maker Xiaomi.
A Google spokesperson told Moneycontrol, "We are excited that they're joining Google, and will be part of a team that will continue to build on the current offering and more. We have no other specifics to share beyond their announcement."
Google has had a "Next Billion Users" strategy for the past couple of years, tapping the next billion internet users in countries including India, Indonesia and Brazil. As part of this plan, it is targeting strategic investments typically in India's small cities and towns.
Last year, technology giant Google had made its first Indian acquisition- in Bengaluru-based artificial intelligence startup Halli Labs.