wordpress blog stats
Connect with us

Hi, what are you looking for?

, ,

July Systems Raises $15M From Updata Partners, Intel Capital & WestBridge Capital

July Systems,  a mobile application platform provider, has raised $15 million in a recently closed funding round led by Updata Partners with participation from Intel Capital and WestBridge Capital. The company says it intends to use the funding to accelerate its product roadmap, boost "sales momentum" and increase market reach, which is similar to what it had planned to do the last time it raised money: the company had raised an undisclosed amount in a follow-up funding round from Intel Capital, last year, before which it raised $7 million in a series-C funding round led by Intel Capital, alongwith Sequoia Capital and Footprint Ventures. Prior to that, it had raised $8 million investment from Westbridge Capital (now Sequoia Capital India) and Acer Technology Ventures, though it changed its business model afterwards. That means that the company has raised (or announced) at least $30 million in funding so far. July Systems develops cross-platform mobile content applications for media brands like ESPN, Toys R Us, Intel, Unilever, CBS, and the NBA. It claims to have reported an increase in revenue run rate of more than 60 percent across U.S. and international geographies, including the UK, Middle East and Asia, in 2011. India? We're not sure if it is still servicing clients in India: at one point in time, it used to manage sites for HT Media, Network18, Livemint and others. It also had exclusive rights to the mobile Internet portal M.IPLT20.com, the official site for the third Indian Premier League on the mobile, in…

Please subscribe/login to read the full story.
Written By

Free Reads

News

The ‘Reforming Intelligence and Securing America Act’ (RISAA) is a legislation to reauthorize Section 702 of the Foreign Intelligence Surveillance Act (FISA).

News

In its submission, the Interior Ministry said the decision to impose a ban was "made in the interest of upholding national security, maintaining public...

News

Among other things, the security requirements include data encryption and regular review and updated access permissions to reflect personnel changes.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ