Business Description:Mango Technologies has developed application framework software for mobile devices. The solution, being modular and the thinnest in the segment, results in significant cost and time reduction at multiple levels in the phone development cycle. The Mango solution empowers OEM s/ ODM s/ Chipset Vendors/ Operators with the flexibility to churn out handsets with varied flavors of UI and opens up big opportunity for VAS (Value Added Services) applications in the low cost phones.
The rich features that were as yet available only on the high end phone segment can now be offered for the ULC (Ultra Low Cost) segment.
This would spawn multiple revenue streams for phone manufacturers, application providers and operators e.g. Location based services, local search, mobile banking, map navigation and traffic channels on your low cost phones.
We expect this solution to take the mobile world closer to the "Application on Demand" scenario.
Industry:Telecom/ Mobile
Founded in:2006
Source of idea:Wanted it as an individual customer
Significant Competitors:In house Software teams in OEMS including Nokia, Samsung, Haier, Motorola, Sony, LG
Company Details :
Company Name:Mango Technologies
HeadQuarters:Bangalore
Stage of the company:Several customers or locations
No of Employees (2006):6-15
No of Employees (2007):16-25
Office Locations(2006):0-1
Office Locations(2007):2-5
No of companies promoted:No
Profits (2006):
Profits (2007):
>Partnerships:Qualcomm, Texas Instruments, NXP, Samsung, Haier
Initial Funding:Personal savings
Addl Funding:Angel investors`
Institutitional Capital:Yes
Revneue Model:Licensing to OEMs (Original Equipment Manufacturers), charging Royalties per device and new revenue streams like mobile advertising, mobile commerce, etc.
Awards & honors:-NASSCOM Innovation Award, 2007
-Nominee for Top Innovator Award by GSMA Mobile Innovations Global Award, 2008
-LiveMint.com: Top Ten startups to watch for, april 2008, NASSCOM's Top 100 IT Innovators 2007
-Semi-Finalist Lockheed Martin India Innovation Growth Program
Promoters Details :
Promoters Name(s):Lekh Joshi
Age:32
HomeTown:Nagpur
Education:Bachelors
No of companies promoted:No
Family Background:First gen entrepreneur
Job:Phone Software Delivery at Quasar Innovations
Ex-Job Description:Delivery
Favorite Book/Movie:Aphorisms of Love, Nareed Bhukti Sootra by Sri Sri Ravishankar
