Myiris.com:
Infosys-supported mobile applications and software company OnMobile is in talks with Silicon Valley investors to raise some $30-100 million. (Myiris headline is misleading; it talks about raising $1 billion, which maybe a miscommunication). The company CEO Arvind Rao has said that the fund raising deal will be finalised in two months. OnMobile is a company seeded on the Infosys Technologies campus and the IT major holds some 12-14 per cent stake.
OnMobile has an annual revenue of $50 million.
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post