Mobile Streams said subsidiary Mobile Streams India Private Limited has exceeded the important milestone of reaching 50,000 active subscribers.
Active subscribers are measured as consumers who have made a purchase from the Company in the country in the past 60 days.
For like-for-like comparability, this is the same methodology the Company uses to measure subscribers in its other markets such as Argentina.
"The growth in active subscribers to date has been driven by subscription growth enabled by billing connections for the three largest local mobile phone operators," the company said.
"The Company expects to add additional billing connectivity to the next three largest network operators in India before the end of the calendar year.
"This has the potential to increase the addressable audience from the current c.600 million mobile users to around 900 million such users."