It will enable users to select and download full song tracks, ring tones, caller ring back tones and music videos on their mobile phones through a single interface.
The company is also planning to launch a service for international roamers with a leading telecom operator and will be doing a pilot in Delhi this month. It will be a low cost roaming product and is expected to increase traffic on international roaming.
mCarbon is also going to launch a fixed line missed call alert service for MTNL, through which wireline users will be able to get missed call alerts on their mobile phones. The VAS provider has more than 100 enterprise customers, including Tech Mahindra, Infosys, Bank of India and Axis Bank.
Speaking on the financial aspects of the company, Razdan said, "In terms of valuations, we should be around $15-20 million. By March, we are aiming at about $2-3 million of revenue."
mCarbon was launched in 2007 and had raised Series A venture capital funding in December 2009 with Canaan Partners. Razdan said that within a few months, the company will be looking at the market again for raising funds. He added, "Our business model rightnow is 50:50, half of it is capex and other half is on revenue share."
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