The AdTech and Big Data industry have experienced rapid changes due to the rapid growth in social media and internet consumption pattern changes due to the pandemic. Close to a 43% increment was witnessed in social media usage by internet users during the pandemic. This increment in the time spent gave rise to an increment in online spending behavior with figures surging to 30%.
The event also encompassed the presence of students from Premium Technology and Design institutes like Ramaiah Institute of Technology and PES University, where students received an exclusive opportunity to brainstorm and work closely with the team.
“Manthan means churning. We want to churn the best innovations & practices from the brightest of minds from the industry, and from the Cubera family. Anchored by the company’s members, prominent industry personalities and bright inquisitive students to learn and embrace the changes in AdTech & Big Data markets,” said Samartha Nagabhushanam, Co-Founder and Co-CEO, Cubera, amidst the commencing of the bootcamp.
Daniel Bland, Co-Founder and Co-CEO, Cubera, acknowledged that “Due to the ideas churned at the event, we are able to serve the markets better, accelerate company’s time to revenues by 3 months, resulting in about half million USD savings for the Company. This also aids in the revolution that we want to bring in the AdTech and Big Data industry by being a revenue share with the owners of the data which is the core of Web 3.”
Dr. Jacob Crasta, Ex-Member of Council on MSME chaired by the Prime Minister of India, laid his views in the following light “What I saw here at Manthan is that all the required verticals for a startup, especially to deliver a high ‘product market fit’ are brought in a very cohesive manner. India needs these kinds of hackathons to make startups successful.”
For more information about Cubera visit: https://cubera.co/
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The information contained in this release consists of forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Such forward-looking statements involve known and unknown risks and uncertainties, including all business uncertainties relating to product development, marketing, market acceptance, future capital requirements, and competition in general that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
