Ridesharing company Lyft has acquired Pune-based fintech company FinitePaths for an undisclosed sum with the team moving to Lyft. Lyft is based in US and is funded by General Motors amongst others. The company build a product, Trail Answers, an app on iOS and Android platforms, which help in getting answers to users’ local question using social, local and contextual signals. The company’s vision is to leverage technology to help people make better decision and improve their everyday life. The founders of FinitePaths,Vinay Kakade, Balaji Raghavan, have spent over a decade each in building large-scale infrastructure and search at Google, Amazon and Yahoo!.
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“As we were exploring the next step for the business, we received interest in our technology from several companies. Lyft has a grand vision to see the world where the transportation and technology brings people together, not apart,” the founders said in a joint statement.
“The technical challenges are exciting and we believe we can make the right contributions,” the statement said.