Wednesday, 9 November 2011

Indian software companies like Flipkart, Makemytrip, InMobi inching close to $1 bn valuations.


Several Indian software product companies now command or are close to commanding valuations of $1 billion, a sign that the software products space is coming of age in a country whose strength in technology has so long been in services.Online travel company Makemytrip, which listed on the Nasdaq last year, had a valuation $1.13 billion at close of trade on Monday. Mobile ad network InMobi, which closed a $200 million funding in September, is close to touching a billion dollar valuation.

                                                  www.harithamtechnologies.com

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