Cyanogen, which has developed an open-source mobile operating system, has revealed its plans of expanding aggressively in India, which is the fastest growing smartphone market in the world.
The US-based company which received $80 million financing from a bunch of investors including Premji Invest, Twitter Ventures and Qualcomm, is also exploring opportunities to invest in or acquire startups to strengthen its foothold in the market. Moreover, it has just opened an office in Bengaluru.
Commenting on the company’s plans, Co-founder and Chief Executive Kirt McMaster said, “We are going to expand in India aggressively, and you can expect to see a lot more of us next year. Our Bengaluru team has 11 people, which will grow up to 60 people by the end of 2016.”
It has hired Qualcomm’s former vice-president of engineering, Sachin Shirhatti, to head the Bengaluru team with a plan to develop new products and focus on business development in India. “India is the fastest growing mobile market in the planet and we are here to support it. The big focus of the financing is to expand in India,”
McMaster said. The company is currently working with a number of Indian as well as international vendors to launch smartphones running its platform in India next year.
The company confirmed that it will continue working with Micromax’s Yu brand. Its motive of partnering with Micromax lies in the fact that the latter understands the market and consumers in India, stated McMaster. He added that it’s extremely important for Cyanogen to take the value of the enthusiast community to mass market.