Mango technologies: A start-up at Bangalore, sells two products to Qualcomm

By Poonam Singhal on 8 February, 2010, 2:54 pm

India’s mobile user base is growing at a very fast rate, adding millions & millions of users every year. Till yesterday, India was known for its fast growing mobile usage. Now, not only are we the end users of the mobile techology, we are even defining the mobile & telecom business. Mango technologies, a start-up firm at Bangalore, has sold two of its own home-grown produts to one of the world’s leading wireless semiconductor company, Qualcomm.

As part of this multi-million dollar deal, Mango technologies has sold a mobile handset user interface software & a PC-based UI customisation tool kit to Qualcomm. As per the co-founder & CEO of Mango, Sunil Maheswari, they would have found it difficult to scale the products’ usage. Qualcomm, with its enormous reach with the handset makers & operates around the world would be able to scale it quickly.

Follwing this deal, Ojas Ventures, the early stage venture, has withdrawn its funding from Mango technologies. Ojas which has an investment of sub-$500,000 range, may be walking out with an IRR in the region of 70%.

Mango technologies was founded by Sunil Maheswari & Lekh Joshi in 2006. They are into making software for mobile phones. They develop complete solutions for mobile handsets, targetting mostly the low & mid-tier mobile handsets. Mango will continue its work on mobile applications & connected 3G devices to revolutionise agriculture, healthcare, long-distance education, entertain, mobile banking & health sectors in the emerging economies. In 2008, Mango received the NASSCOM Innovation Award for most innovative startup company. Sunil Maheswari has also been named the one of the top five entrepreneurs in India.

India is surely making its mark in the global market, by defining & developing such world-class products.

You may be interested in these articles:

Narayana Murthy is Venture Capitalist now – sells Infosys Shares to set up VC Fund : One of the most successful entrepreneurs in the country, Mr. N.R Narayana Murthy, co-founder of Infosys Technologies has recently sold his 0.55% stake in the company for Rs.... Total VC Investments in the first nine months of 2009 is at $201 million against $709 million investment for the corresponding period...

China, Korea Mobile Handsets ban brings smile to Indian Local Handset makers – Karbonn, Lava, Micromax, Movil : After Department of Telecommunications (DoT) making a right decision of banning fake IMEI Chinese and korean mobiles at the right time, Indian Mobile handset makers are seeing good effects.... Their market share was over 95% collectively and chinese handsets... But, the country's local handset makers like Karbonn, Lava, Micromax and...

Technologies to watch out in 2010: The hot tech trends … : With year of twitter, 2009 coming to a close, yes twitter is voted the most popular English word of the year and one of the biggest technology of the year, 2010 promises a lot more in technology. Here is a list of technologies to look out for in 2010. The top...

Mobile numbers can start with ‘8′ – Reliance GSM selling “8″ series mobile numbers : Starting then, mobile subscriptions in India has been touching new peaks every month. In fact, India is topping the list in mobile users growth, putting China to second place. India’s GSM-based mobile operators added close to 9 million users in June, up from 8.3 million in May, as per the...

Fake IMEI China, Korean Mobile Handsets Ban – Is your IMEI Genuine ? Verify now! : Department of Telecommunications (DoT) brought in a new rule few months back, of banning all mobiles handsets that do not carry the legitimate International Mobile Equipment Identity (IMEI) number. Mostly cheap China and Korean Mobiles that sneaked in the Indian Market are either missing IMEI or having fake IMEI number...