Flat6Labs Bahrain in talks with two Indian start-ups to acquire stakes
by arabianbusiness 2019-10-16
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source: arabianbusiness

Flat6Labs Bahrain is in advanced talks with two Indian start-ups to acquire minority equity stakes, a senior executive associated with the deal has said.

“Flat6Labs Bahrain has already selected the two Indian start-ups – EXPRESbase Systems and Articbot – for their acceleration programme and is currently in negotiations with the promoters for acquiring minority stakes in these companies, Ashok Kurian, manager, Business Development, Kerala Start-up Mission (KSUM), told Arabian Business.

Both EXPRESSbase Systems and Articbot were selected for Flat6Labs Bahrain's acceleration programme at Gitex 2019 Technology Week in Dubai.

EXPRESSbase Systems is a software product start-up, which runs a a platform on the cloud to build and run business applications 10x faster, while Articbot is India’s first multilingual chatbot, based on conversational artificial intelligence (AI).

Both EXPRESSbase and Articbot are Kerala-based tech companies and have been part of the KSUM-nurtured start-ups.