Bookpad is the first Indian company to be acquired by Yahoo

India looks like it has netted its third notable startup exit this year, after Yahoo swooped to purchase Bookpad, a one-year-old company that hosts cloud-based documents, according to local media. Economic Times reports that the deal is worth $8.3 million, while Times of India speculates a much higher price of $15 million. The acquisition — which is still to be confirmed by the US internet giant — would represent Yahoo’s first in India. It comes some nine months after Facebook bought its first startup from India — Little Eye Labs — in a deal worth $10 million-$15 million; Google was also active in January, buying spam-fighting company Impermium. Bangalore-based Bookpad will move its staff to Silicon Valley as part of the deal, according to the Economic Times article which cites sources inside the company. While Yahoo remains mum on the deal — we’ve contacted the company to seek confirmation — that didn’t stop the secretary for IT and biotechnology in the state of Karnataka, where Bookpad is based, from jumping in with a statement.