Indian web entrepreneurs make millions, SlideShare goes to LinkedIn

MUMBAI: Indian entrepreneurs are harvesting the Internet boom, selling their ventures to major players. The latest to cash in are Rashmi Sinha and her brother Amit Ranjan.

The professional networking site LinkedIn has agreed to acquire SlideShare, a leading professional content sharing community, for approximately $118.75 million, or Rs 6.40 billion.

The brainchild of the website and co-founder was Sinha‘s husband Jonathan Boutelle who is based in the San Francisco. Sinha, a PhD in cognitive cognitive neuropsychology from Brown University in the US, is the CEO of SlideShare. Ranjan, an alumnus of Delhi‘s Faculty of Management Studies, is in charge of the India office.

The transaction will be carried out in 45 per cent cash and 55 per cent stock deal. The company said that the acquisition is expected to close during the second quarter of 2012.

Founded in October 2006, SlideShare helps professionals discover people through content, and content through people. SlideShare users have uploaded more than nine million presentations, and according to comScore, in March SlideShare had nearly 29 million unique visitors.

SlideShare is also enabling the sharing of presentations across the Web; nearly 7.4 million presentations hosted by SlideShare are embedded across more than 1.4 million unique domains.

"Presentations are one of the main ways in which professionals capture and share their experiences and knowledge, which in turn helps shape their professional identity," said LinkedIn CEO Jeff Weiner. "These presentations also enable professionals to discover new connections and gain the insights they need to become more productive and successful in their careers, aligning perfectly with LinkedIn’s mission and helping us deliver even more value for our members. We’re very excited to welcome the SlideShare team to LinkedIn."

SlideShare CEO Rashmi Sinha commented, "We built SlideShare to help professionals share presentations and connect people through content. What we can build with LinkedIn, the largest professional network on the Internet, is the most natural extension of this vision. I am excited about what we can build together."

There is a rich list of Indian entrepreneurs who made millions of dollars by selling their firms to dotcom giants. Recently, Facebook acquired Indian entrepreneur Abheek Anand‘s start-up Tagtile, in a cash and stock deal. Last year, Walmart bought Kosmix, a data analytics company floated by Venky Harinarayan and Anand Rajaraman, for around $300 million. In the past, they had sold comparison-shopping site Junglee to Amazon for $250 million. And let‘s not forget Sabeer Bhatia, the man who started it all. His free Web-based email service Hotmail was snapped up by Microsoft Corp.

Latest Reads
Highly-beneficial interactions take place at Broadcast India '16

The 26th Broadcast India Show concluded over the weekend in Mumbai, and was easily the most exciting Broadcast India Show yet. With thousands of eager, high-quality trade visitors swarming the show floor, a sentiment signalling highly-beneficial exchanges and interactions echoed through the halls...

Technology Software Applications
India, China to propel APAC, beat CAS Europe market share

APAC is expected to overtake the market share of Europe in future due to an increasing demand for digital TV set-up boxes in countries such as China and India. North America and Europe dominated the global CAS market in 2015. APAC region is estimated to mark a growth rate of 12.0 per cent CAGR...

Technology Hardware Set-top Boxes
India lucrative market for 4K UHD STBs: Grand View Research

Here’s a view on the demand for 4K or ultra high definition (UHD) set-top boxes (STBs) in India.

Technology Hardware Set-top Boxes
Infor appoints Dass as south Asian subcontinent V-P

Infor, a leading provider of business applications specialized by industry and built for the cloud, has appointed Ashish Dass as the vice president and managing director for the south Asian subcontinent. Infor software helps eliminate the need for costly customization through embedded deep...

Technology Software Applications
Siti & DishTV opt for Conax conditional access

The Essel group has been using Conax’s tech for sometime now for its Siti Network (earlier known as Siti Cable). Now the group has extended that partnership for another product for both Siti Network and DTH operator Dish TV India. This time it is for the cardless set top boxes that the two are...

Technology Hardware Set-top Boxes
Imagine Communications extends functionality of Selenio One unified transcoding platform to OTT

MUMBAI: Imagine Communications, empowering the media and entertainment industry through transformative innovation, today introduced a high-density adaptive bitrate (ABR) transcoding product built on Selenio One™, the company’s software-defined linear transcoding platform. Selenio One is designed...

Technology Hardware Components
DJI Makes Your Smartphone Smarter with the New Osmo Mobile

DJI, the world leader in creative camera technology, Thursday launched the Osmo Mobile, an extension for smartphones that turns them into intelligent, precision camera systems.

Technology Hardware Components
Prime Focus Tech gets funding from PE firm Ambit Pragma

MUMBAI: Prime Focus Technologies (PFT) – the technology offshoot of media services company Prime Focus - informed the Bombay stock exchange today that it had received its first round of funding from growth capital private equity fund Ambit Pragma.

Technology Software Applications
Three new products developed by C-DOT launched on its Foundation Day

Communications Minister Manoj Sinha today expressed the hope that 100,000 Gram Panchayats (GPs) will be connected through Optical Fibre Cable (OFC) by March next to set up a network infrastructure to serve the rural masses.

Technology Hardware Distribution

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories