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InMobi Secures $100 Million Debt to Fuel AI Ambitions and Acquisitions

- InMobi, backed by SoftBank, has raised $100 million in debt financing to enhance its AI capabilities and fund AI-focused acquisitions. - The financing was led by MARS Growth Capital, a joint venture between MUFG and Liquidity Group. - CEO Naveen Tewari emphasized AI's role in revolutionizing ad engagement and outcomes for consumers, advertisers, and publishers. - InMobi operates two core businesses: InMobi Advertising and Glance, an AI-powered content discovery platform. - Glance, with over 300 million users, aims to expand globally, supported by investments from Jio Platforms, Google, and Mithril Capital. Source: [Moneycontrol](https://www.moneycontrol.com/news/business/startup/inmobi-secures-100-million-debt-to-fund-its-ai-efforts-acquisitions-12819183.html)

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DaringTrain

Stealth

8 days ago

Inmobi to profitable tha na? Phir funding kiske liye chahiye? Glance?
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jinyang

Stealth

8 days ago

It’s debt - they’re raising 100 mil debt to finance acquisitions and other moonshots
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MicahBell

Startup

8 days ago

Glance. More like Linger.
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InMobi Eyes $10 Billion Valuation in 2025 India IPO

- InMobi is planning an IPO in India next year, targeting a $10 billion valuation, sources told TechCrunch. - The firm, currently domiciled in Singapore, will shift to India and list at the group level, including its advertising arm and Glance. - InMobi expects to generate over $700 million in annual revenue by March and has raised less than $300 million to date. - Founded in 2007, InMobi was the first Indian unicorn and now serves major clients like Mastercard, Samsung, and Coca-Cola. - Glance, a subsidiary, is piloting in the U.S. and plans to launch a generative AI-powered version to enhance user experience and drive commerce. Source: Techcrunch

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InMobi is banking on 'app-less' consumption, AI-driven user platforms😂

Brother needs to chill! Thoughts?

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Inmobi and Glance also firing?

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