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Investments

7

Portfolio Exits

2

About Mohit Saxena

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Latest Mohit Saxena News

InMobi Cofounder Amit Gupta Quits To Launch IoT-driven Bicycle Sharing Startup

Nov 24, 2017

InMobi’s co-founder Amit Gupta is stepping down from his executive role within the company, in just after five months, to launch internet of things-driven bicycle sharing startup Yulu. Backed by Softbank, InMobi was founded by Amit Gupta along with Naveen Tewari, Mohit Saxena and Abhay Singhal in 2007. While Mohit Saxena had already quit the company to start his own venture, Amit has become the second co-founder to quit InMobi and now the company is left with Naveen and Abhay, among four of its co-founders. Amit Gupta, who is also President of OEM and telco solutions, will now become CEO of Yulu. He, however, will remain involved with InMobi as co-founder. “I am not leaving InMobi. I have always had a desire to be aligned with a social cause. This idea has germinated into something that finally fulfils this need. Naveen and my fellow co-founders have been an integral part of seeing me through this process. I will continue as co-founder at InMobi minus the operational capabilities”, said Amit Gupta in a statement. Gupta’s new venture Yulu will launch its bike-sharing service in Bangalore with a few hundred bicycles. Yulu is starting with regular, dockless bicycles that people can rent using their iOS or Android phone. The bikes unlock via QR codes and bill the rider for every 30 minutes of use. Bike-sharing has become a new hotbed for founders and VCs, globally. In China, companies Ofo and Mobike have both achieved unicorn status for their respective bike-sharing startups. While Ofo had already showed its interest to launch its services in India , Zoomcar has too launched its bicycle-rental service PEDL , last month. It is also notable that while Yulu is IoT-driven and launching its services first in the city of Bangalore. To recall, the city– in July– had announced that it is working on making IoT-enabled roads .

Mohit Saxena Investments

7 Investments

Mohit Saxena has made 7 investments. Their latest investment was in Factors.AI as part of their Seed VC on August 8, 2021.

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Mohit Saxena Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/30/2021

Seed VC

Factors.AI

$2M

Yes

2

6/8/2018

Seed VC

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$99M

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10

2/9/2016

Seed VC

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$99M

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10

1/28/2016

Seed

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$99M

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10

11/10/2015

Seed VC - III

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$99M

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10

Date

8/30/2021

6/8/2018

2/9/2016

1/28/2016

11/10/2015

Round

Seed VC

Seed VC

Seed VC

Seed

Seed VC - III

Company

Factors.AI

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Amount

$2M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

2

10

10

10

10

Mohit Saxena Portfolio Exits

2 Portfolio Exits

Mohit Saxena has 2 portfolio exits. Their latest portfolio exit was JustDoc on September 25, 2018.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/25/2018

Acquired

$991

1

00/00/0000

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$991

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10

Date

9/25/2018

00/00/0000

Exit

Acquired

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Companies

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Valuation

$991

$991

Acquirer

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Sources

1

10

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