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