SoftBank-backed Inmobi has fired about 50-70 people on performance metrics. According to a source, the employees impacted are from Inmobi and the firm's lock screen-based content provider Glance. This comes even as the company announced that it will skip increments for CY23 and also undertake recruitment only when required. The Inmobi group has a total headcount of 2,600.
InMobi helps companies target the users of phones.
'Son believes India has a significant opportunity in chip design, especially in creating IP that will be uniquely Indian.'
Walking around InMobi's office, it is hard not to compare what you see here with the images one has seen of Google's global offices.
Indians spend 4 hours and 5 minutes on an average daily, outdoing global usage by an hour.
rediffGURU Krishna Kumar, founder and CEO of GoMoTech, offers expert advice on how to scale up in your career and life.
Bengaluru-based InMobi and Microsoft combine their powers to break the stranglehold of Google and Facebook in the digital advertising space.
Since then, 129 startups have joined this star status, of which 100 were added from January 2019, generating a total value of $535 billion. Entrepreneurs are building bigger enterprises at a faster rate -- 50 per cent of the 130 companies reached unicorn status in the first five years after their initial institutional fundraising.
Infosys, Facebook, Genpact, and Cognizant, among others, have reached out to employees and offered support in different ways as the second wave of Covid cases sees an exponential rise. Companies are asking employees to stay indoors and prioritise the health and safety of their families. This is of significance as several information technology firms were going to take a call on work-from-home from June and had plans to allow some employees to come back to work.
Over 10 Indian start-ups with total valuations of $84 billion (some are planning fresh fund-raising) are bracing to launch initial public offerings (IPOs) in the next 36 months. While the size of their IPOs is under discussion, estimates are that they would together raise a minimum of over $8-10 billion during the initial listing.
Bangalore based mobile advertising company InMobi has made it to MIT Technology Review's 50 Disruptive Companies of 2013.
India is the next major breeding ground for start-ups.
After a recent fall in profit, Masayoshi Son of SoftBank announced that the Japanese tech investor will look at dramatic cost-cutting. Before he does that, investments in India for calendar year 2022 (CY22) will fall radically, observed sources in the know. Last year, the company had invested around $3.2-3.5 billion in the Indian start-up ecosystem - almost 10 per cent of the total investment the sector received. For CY22, the investments may not even touch $1 billion.
Game streaming is becoming a serious professional choice for youth, as it allows them to make good money.
Naveen Tewari loves cycling but over the past few years, he has been keeping his first love waiting.
None of the top five start-ups launched by IITians - Flipkart, Zomato, Ola Cabs, Housing.com and Inmobi - were incubated at IITs
With Nikesh Arora's exit from Softbank, India's start-ups have lost one of its biggest supporters.
Vikramank Singh looks back at the year gone by!
As 2010 comes to a close, MMA provides a guide to new and existing technologies that will dominate the market in the coming year.
A recent study revealed that over 72 per cent of Indian consumers were at ease with mobile advertising and over 50 per cent were ready for personalised advertisements.
What made these 10 businesses rise above the rest? Read on to find out...
Internet entrepreneurs are the next big thing in India.
Yulu founder Amit Gupta believes bicycle sharing is the next big thing.
A 2014 study had ranked IITs as fourth among the top 50 universities globally, whose graduates were entrepreneurial.
The ministry of electronics and information technology is working on creating a software product council, including members from the government, academia and industry that will work on implementing a software products mission.
$47.6 bn capital invested across 921 deals in India in 2020, despite pandemic.
Unprecedented pay and perks like free healthcare for in-laws helping the likes of Flipkart, Snapdeal tap talent
TikTok is up against not just government sanction but also a set of feisty home-grown brands that have raised the 'vocal for local' banner to stake claim to the platform's vast small-town reach, point out T E Narasimhan and Sai Ishwar.
The seven Indian-Americans are cybersecurity firm ZScaler CEO Jay Chaudhry, founder and chairman of Symphony Technology Group Romesh Wadhwani, cofounder and CEO of online home goods retailer Wayfair Niraj Shah, Silicon Valley venture capital firm Khosla Ventures founder Vinod Khosla, managing partner of Sherpalo Ventures Kavitark Ram Shriram, Airline veteran Rakesh Gangwal and Workday CEO and co-founder Aneel Bhusri.
The ban in India would hit Chinese internet companies that were making headway in the world's fastest-growing mobile market.
The idea behind starting Chingari is not to build a TikTok clone but to position itself as a super app for India like WeChat.
Chingari, Roposo, Khabri and Trell are seeing huge traction as people are looking at options to earn incentives from home. Music streaming app Gaana, which is strongly placed in the market with 150 million users, recently opened up its short video platform for subscribers.
Indian start-ups are waiting to spread red carpet for engineers to be laid off.
Swiggy is shoring up capital to defend its position as India's largest food-ordering app as rivals Zomato and FoodPanda focus on growth after receiving funds
The start-up works with 2,000 owners and hosts 10,000 tenants across four cities - Bengaluru, the National Capital Region, Hyderabad and Pune.
Morgan Stanley writing down its investment in the e-commerce leader by 27 per cent does not augur well for the sector.
SoftBank's investments in the past two years include $627 million in online-retailing marketplace Snapdeal and leading a $210 million funding round in taxi-hailing app Ola Cabs.
Here's a list of the favourites of the billionaires.
IT sector has lots of hope from the Union Budget 2014-15.
Bringing in people with large corporate experience also helps in bringing in world class processes in quality and compliance
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