InMobi co-founder Amit Gupta steps down; launches a bike sharing startup

Amit Gupta, co-founder of InMobi is stepping down from his role within the company and is launching an IoT driven bike-sharing startup in India named Yulu. Gupta will be the CEO of the bicycle sharing startup.

Gupta said, "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 fulfills 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."  Mohit Saxena, another co-founder has already stepped down from the CTO role and started his own venture.

On this issue, the company said, "We have always encouraged entrepreneurship at InMobi. The fact that we have been able to extend entrepreneurial support to our employees is a testament to that commitment. We are supportive of Amit’s second plunge into social entrepreneurship and his desire to give back to the community. Amit will be partially operating this venture out of the firm office for as long as he needs to. He will continue to be with InMobi as the co-founder."

InMobi was founded in 2006 by IIT graduates Naveen Tewari, Mohit Saxena, Abhay Singhal and Amit Gupta. The platform enables consumers to discover new products and services by providing contextual, relevant, and curated recommendations on mobile apps and devices.

With Gupta and Saxena already stepping down from their executive positions, InMobi is now left with Tewari and Singhal among the co-founders.