Google & Xiaomi Eyeing Investment in ‘Where is my Train’ App
Technology giant Google and Chinese smartphone maker Xiaomi are eying an investment in an app called ‘Where Is My Train’ that provides live updates on trains without the use of internet and GPS.
Google is in talks to acquire the two-year-old startup, whereas Xiaomi has held discussions for an investment. It is expected that Google will acquire the company for $30-40 million in the near future. However, the transaction has not yet been finalized.
"The talks with Google are more advanced and they are likely to buy the company as a part of their Next Billion Users initiative," a person familiar to the matter stated.
Where Is My Train is owned and operated by Sigmoid Labs, and is one of the most downloaded train-based apps in the country. It was was founded by five former executives of Ti...