Mobango, one of the world’s leading mobile app stores, has been recognized as one of the most promising private technology ventures in the European, Middle East and African region (EMEA) by Red Herring’s European arm. The company made the cut among the 900 eligible companies that were reviewed. Every year, Red Herring Europe selects 100 private companies based in the EMEA region that show a promise because of their innovation in business.
Red Herring made the final 100 list after carefully evaluating the 900 companies on the basis of financial data, management quality, execution of strategy, market potential and focus on research and development. 200 companies made the first cut and the top 100 companies were announced at a ceremony which was held in Amsterdam.
“Choosing the companies with the strongest potential was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across Europe to the Top 100 Winners. We believe Mobango embodies the vision, drive and innovation that define a successful entrepreneurial venture. Mobango should be proud of its accomplishment, as the competition was the strongest it has ever been.”
This represents the power of a global app store which is cross-platform at its core. Mobango was a UK firm which was acquired by Mauj Mobile, a part of the People Group, which owns popular Indian web services like Shaadi.com and Makaan.com.
“Being recognized in the Red Herring Europe 100 list is a great honour,” said Badri Sanjeevi, CEO of Mobango. “Mobango owes its success to the community of over 40,000 developers who are engaging with us globally and the nearly 8 million users registered on Mobango and downloading over 1 million apps, games and content on a daily basis. Mobango is working hard to become the preferred distribution partner for apps developers globally”.
Mobango has constantly been at the top of its game by forging the right partnerships and making apps, games and videos easily available to millions of consumers. Currently, the app store has around 1.5 million unique content pieces which are optimised for around 2000 different mobile phones, in addition to having a large developer community. This award is well deserved and we hope that the service grows even further.