Saturday, April 13

Jana The Second Largest Mobile Advertising Platform in India Raised $57million Funding

Many of you did not hear about this company but Jana (meaning “people” in Sanskrit) the only Facebook competitor in emerging markets regarding free Internet service raises $57million in Series C funding, led by new investor like Verizon Ventures, with participation from our existing investors, Spark Capital and Publicis Groupe.

Jana mission is simple, yet ambitious: they want to make the Internet free for the next billion people. Jana known as mCent app launched in July 2014, more than 30 million users in 15 of the fastest-growing emerging markets have benefited from free, unrestricted Internet.

Jana is the second largest mobile advertising platform in India next to Google and have partnered with 311 mobile operators around the world to expand their reach into new markets.

Jana official said they will use this latest investment to officially expand, building a team into China, a market that will experience a 191% increase in mobile ad spend by 2018.

Jana tie-up with the three largest mobile operators in China —China Mobile, China Unicom, and China Telecom and their laser focused on localizing mCent app and building user base in China in the coming year.