Mohit Saxena, co-founder and chief technology officer (CTO) of InMobi, has decided to step down from his position as the technology chief of the mobile ad-tech firm.
“I will remain involved as a founder of InMobi, but will be looking for a CTO to transition execution responsibilities,†Saxena tweeted on Friday.
“Hard decision, but for family reasons, I have to move to the US. Been postponing the move for three years now,†he tweeted.
An email query sent to Saxena did not elicit a response at the time of publishing this report.
Saxena, along with IIT graduates Naveen Tewari, Abhay Singhal and Amit Gupta, had co-founded InMobi in 2006.
Saxena has been looking after technology operations— including engineering, operation and data—at InMobi.
Prior to co-founding InMobi, he worked with Virgin Mobile, AT&T and Tata Steel.
Of late, InMobi has been seeing a lot of top-level exits. Last year, finance chief Manish Dugar and general manager for India Ankit Rawal left the firm.
Other recent senior-level exits included those of Naresh Agarwal (vice president, engineering), Ravikiran Vadapally (vice president, finance) and Khushboo Gupta (head, strategy for app business).
InMobi was the first India-based firm that Japanese telecommunications and internet bellwether SoftBank invested in way back in 2011. However, the Japanese firm wrote down most of its investment in the ad-tech firm two years ago.
InMobi plans to invest $15 million (Rs 100 crore) in its China business in 2017 to expand in its fastest-growing market, its global head of marketing Arun Pattabhiraman had told The Economic Times in October. The firm had doubled its investments in China over the past two years in terms of sales and operations, he had said.
InMobi gets about 30% of its revenues from China. With a 15-fold growth and a 140% compound annual growth rate during the period from 2012 to 2015, InMobi is the largest independent ad network in China, the firm claims. A total of 460 million smartphone users are covered by InMobi, accounting for 80% of smartphone users in China, it claims.
