Tag: Krish Seshadri

OnMobile Global Acquires 100% Stake in AI Powered Visual Retention Leader rob0
Business, News

OnMobile Global Acquires 100% Stake in AI Powered Visual Retention Leader rob0

Aug 13, 2021 by Rekha Nair 0 Comments #Chief Executive Officer, #Co-founder and CEO, #Executive Chairman, #François-Charles Sirois, #Krish Seshadri, #OnMobile Global, #Richard Rispoli, #Technologies rob0 Inc

OnMobile Global Limited (“OnMobile”), the global leader in mobile entertainment announces the 100% acquisition of rob0, through its subsidiary OnMobile Global Solutions Canada Ltd. This investment is in continuation to the initial acquisition of 25% equity stake in May 2020.

rob0 (incorporated in Feb 2019) offers best-in-class patent pending Vision AI technology. The platform gathers, analyses and provides smart insights that help to clearly understand user behaviour, optimise gameplay and increase player retention.

This investment by OnMobile, is the second major step towards creation of ONMO, the D2C mobile cloud-gaming platform, after the acquisition of Appland AB, Sweden in October 2018. These strategic acquisitions lay the foundation of technologies which form the pillars of ONMO.

Alongside, OnMobile has hired a stellar team of product managers, engineers and marketers who are working on developing ONMO, which is built on three key mobile gaming trends (eSports, Social and Short Form Gaming) and two disruptive technologies (AI and Cloud Streaming), and is currently being Beta tested in 3 locations globally. rob0’s low bandwidth session streaming and AI generated user spotlights will be a key tool in making ONMO a global success.

Commenting on this acquisition, François-Charles Sirois, Executive Chairman, OnMobile Global, said, “rob0’s acquisition brings to life our ONMO mission of creating the best gaming moments that bring esports to everyone in one click, and takes us a step closer to our goal to be the uncontested leader in social esports globally.”

Krish Seshadri, Chief Executive Officer, OnMobile Global, said “rob0 has been an integral part of our cloud gaming product, ONMO. rob0’s technology and Vision AI picks the best parts of a game and helps ONMO create thousands of short, unique challenges for mobile casual esports players.”

“We’re excited to help build the next generation of mobile gaming. OnMobile’s vision for the future of casual games is inspiring and I’m proud to see our vision AI technology playing an essential role in making it possible.”, said Richard Rispoli, Co-Founder and CEO, Technologies rob0 Inc.

Chingari inks a pact with Salim and Sulaiman’s Merchant Records
Business World

OnMobile leads $13 million investment round in Chingari

Apr 2, 2021 by Neel Achary 0 Comments #CEO of OnMobile, #Krish Seshadri

OnMobile Global Limited (“OnMobile”), the global leader in mobile entertainment, and Chingari, India’s homegrown short-form video app announced today that OnMobile has led a $13 Million round in Chingari.

This investment will allow Chingari to accelerate its growth from 56 Million users to over 100 million users. As part of the deal, OnMobile will integrate and distribute its direct-to-consumer gaming platform, ONMO, on the Chingari app and collaborate on other mobile product integrations to serve millions of users. Chingari will use the funds to enhance its content portfolio, hire top talent and accelerate its growing user base.

Other investors who participated in this round include Republic Labs US, Astarc Ventures, White Star Capital, India TV (Rajat Sharma), JPIN Venture Catalysts Ltd, ProfitBoard Ventures, Raghunandan G of Zolve (Co-Founder of TaxiForSure) and some large family office funds from the UK. Earlier last year Chingari had raised $1.4 Million from a series of Angels, including Jasminder Gulati, FJ Labs (Fabrice Grinda), Angelist, Utsav Somani’s iSeed, Village Global, and Blume Founders Fund.

Commenting on this investment, François-Charles Sirois, Executive Chairman of OnMobile, said, “We are very excited about this investment and partnership bringing millions of users to the new ONMO gaming service while providing immediate business value and increased user reach for both companies”

Krish Seshadri, CEO of OnMobile, said “The Chingari team has built a terrific product with great user retention and growth. ONMO gaming’s short format challenges and Chingari’s short-form videos complement each other well”

“We couldn’t have hoped for a better partner than OnMobile to help Chingari embody its vision and become a content super media app for Bharat, and help engage a billion Indians. With our visions aligned, this partnership promises to be a winning collaboration.”, said Sumit Ghosh, Co-Founder & CEO of Chingari.

“We are thrilled to have Krish Seshadri join our board at Chingari. His vast business experience and working on mobile & social products will add great value to the team,” said Aditya Kothari, Co-Founder & Chief Strategy Officer of Chingari.