Sourcebits is a Bangalore-based third-party developer that has built over 300 mobile apps across iPhone, Android, BlackBerry, Palm Pre and Windows 7 mobile platforms. Its client list includes Coca-Cola, Procter & Gamble and GE, and its consumer apps include Night Stand (over 3 million downloads) and Knocking Live (over 2.3 million downloads). The company reported $7 million in revenue last year and says it is growing at roughly 100% annually. Sourcebits employs about 300 people and plans to expand headcount to at least 500 within six months. It intends to set up engineering and sales centres in India and Europe and an engineering and design centre in the San Francisco Bay Area; it already has a unit in Atlanta. The company was founded in April 2006 and serves both large enterprises and startups with design and development services.

Total raised

$10M

Funding rounds

1

Latest round

Series A

Latest activity

May 2011