IDG Ventures India conducts annual awards among its Indian portfolio companies, and Vserv.mobi has emerged as the ‘Fastest growing company’. The rankings are based on the company’s growth rate and financial performance for FY 2011-12, 50% of Vserv’s revenues come from the international market. Vserv was also conferred an award for ‘Commercialization of an Innovative technology at a Global level’. IDG ventures India has over 18 companies in their portfolio of the likes of Aplaya – Mobile Video Service , Myntra – Ecommerce company , Source Bits – App Development.
A ‘global mobile advertising network success story in the making from India", Vserv has delivered In-App & WAP advertising for leading Fortune 500 brands & digital media companies, in over 150 countries since inception in January 2010. Vserv is focused on attaining a leadership position in emerging markets focused on feature phones as well as smart phones, and this is a key differentiator from competitors which do smart phones only. Its flagship product, AppWrapper is the world’s simplest mobile ad integration technology that makes global ad-earnings possible from day 1 for games & application developers. Having served close to 15 billion ad requests last month, we can see that Vserv growth and success is rising at a solid pace.
IDG Ventures had invested $3 Million Series A funding in Vserv in July 2011 was the first investment in the Indian mobile advertising network space since 2008.
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