The mostly bootstrapped startup based in Udupi quietly ignored the IT services playbook and managed to get a perfect exit for the founder and investors
Rohith Bhat moved back to India in 1996, a few years after liberalization, or the opening up of the economy that marked a radical turning point for the country. Bhat had been working at a software company in Japan called Recosoft for about three years at that point. Spotting an opportunity in building software for Apple’s Mac platform, he decided to start his own business, called Robosoft, back in his home town of Udupi, Karnataka.
A couple of weeks ago, Robosoft Technologies announced that it was being acquired by a Japanese conglomerate—TechnoPro Holdings—for Rs 805 crore, or around $108 million. …
Nikhil used to a writer at The Morning Context. He is a graduate of the Asian College of Journalism, and has worked with several publications including the Deccan Herald, The Hindu and The Indian Express. He has reported on a wide range of topics, from technology to automotives to books.
nikhil@mailtmc.com