TeliPortMe, the Instagram of panoramas, is building an application for the recently launched Google Glass. The Bangalore based startup, founded by Vineet Devaiah, is being pursued by the tech giant Google once again. Earlier, the very same person said no to Google’s offer to acquire his fledgling startup. He is said to have received the actual Google Glass to get acquainted with the wearable gadget. Though he fended off a bid by Google to acquire his company in late 2011, the offer to develop an app to crowd-source panoramas and build an app for Google Glass was too hard to resist.

Teliportme’s application 360 had caught a lot of attention including that of Google. The application allows users to create panoramic pictures on Android phones. The user simply has to open the app, pan the phone around and it takes the pictures. The app then stitches these images together to give you a panoramic view. Teliportme app also allows the user to share these images. The young startup already has a database of 3-4 million images uploaded by users, and the attempt now is to woo many more users to share panoramas, especially of locations, geo-tag them and provide more details about each image.

Now that Teliportme has been asked to develop an application for Google Glass, it will build an app for Google Glass that will identify the wearer’s location and match it with the geo-tagged database of panoramic photos in the back-end uploaded by users. This will allow the wearer to identify places around him, and even obtain finer details about what he is looking at.

Teliportme’s new app is different from what Google’s fleet of car-mounted Street View cameras capture. It is being said that unlike Street View that ran into regulatory hurdles, the new app crowd-sources images. The team at TeliportMe has caught the attention of investors in the US. They graduated from Dave McClure’s 500 Startups, a startup accelerator program, and have received funding from big names in Silicon Valley, including Bill Gross of Idealab, Allesandro Piol of Vedanta Capital, Dwipal Desai, Max Pellegrini, Rob Wang and Steve Bennet. Earlier, technology website TechCrunch reported that TeliPortMe turned down a buyout offer in the $15-20 million range from Google.

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Kalcha is much shorter than Kalyan Chakravarthi, if not cooler, isn't it? Well, I've set myself too many goals to achieve in a lifetime... thus decided to take just baby steps (it's really tough when you're 6'2"), while I'm not falling face down. I am, evidently, a Passionate Blogger. But I'm also an Active Trader interested both in Capital and Commodity markets. One of my near term goals is to become a Successful Blogger & Trader and then in due course of time... an Outstanding Investor in Start Ups. Let's see how everything pans out in the future...