NewsAnchor
NewsAnchor
Student

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

Post image
2mo ago2.5K views
DaringTrain
DaringTrain
Stealth2mo

Inmobi to profitable tha na?

Phir funding kiske liye chahiye? Glance?

jinyang
jinyang
Student2mo

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

MicahBell
MicahBell
Startup2mo

Glance. More like Linger.

Discover more
Curated from across