Categories: Tech & Society

Plustxt gets Acquired for $2 Million by One97 Communications

 

One97 Communications Pvt Ltd has acquired the cross-messaging platform Plustxt, run by Bangalore-based Plustxt Mobile Solutions Pvt Ltd, for under $2 million in a cash-and-equity deal.

“The Plustxt team has created a scalable platform with many firsts, focusing on Indian needs. For the masses to use mobile internet, we need many language products and Plustxt has done well in that area,” said Vijay Shekhar Sharma, founder and CEO of One97, while commenting on the acquisition.

Set up in 2012 by IIT alumni Lokesh Chouhan (IIT Bombay) and Parag Arora (IIT Delhi), along with Pratysuh Prasanna, Plustxt translates the sender’s text to the language of the recipient. It is currently available on iPhone and Android OS-powered devices, but the company plans to extend the service to BlackBerry, Windows and Java phones soon. Earlier this year, the startup raised an undisclosed sum from Mumbai Angels and InMobi co-founder Amit Gupta. It had also been a part of the Microsoft Accelerator programme.

This is One97’s second acquisition in the past nine months. Last December, the company acquired Delhi-based mobile marketing platform MobiVite to foray into the mobile marketing services space.

Via: TechCircle

 

Team TechPanda

Recent Posts

From Roblox to Python: How game development educates kids on AI principles

AI is no longer in the distant future, discussed only in university classrooms or interactive…

2 days ago

M&A: The art of the deal

The Tech Panda takes a look at recent mergers and acquisitions within various tech ecosystems…

3 days ago

As we seek to create robots that’re more ‘human’ who’s helping? AI

As robotics progresses towards creating humanoid robot helpers, our tendency is to create them in…

6 days ago

Japan’s Web3 Strategy: A Safe Haven for Chinese Investors Fleeing Capital Controls?

On June 7, 2025, Japan enacted a series of regulations aimed at enabling stronger consumer protections…

6 days ago

Agentic AI Is Reshaping Data Infrastructure—Are Data Warehouses Obsolete?

Introduction: The Signal Behind Snowflake’s CEO Change In the spring of 2024, Snowflake, a star…

6 days ago

The new space race: How politics is shaping the battle for the final frontier

The modern space race is increasingly political, driven by national pride, military strategy, and economic…

1 week ago