InMobi's $100M Funding Boost: A New Era for AI Innovations
Funding Received
InMobi, a leading Indian adtech startup, has successfully secured $100 million in debt financing. This funding was provided by Mars Growth Capital, a collaboration between MUFG and Liquidity Group, representing a crucial step in InMobi's journey.
AI-Focused Strategy
This significant investment is part of InMobi's strategy to deepen its artificial intelligence (AI) initiatives and fund potential AI acquisitions ahead of its planned IPO in the coming year. Backed by big names like SoftBank, InMobi has been exploring advancements in AI to enhance ad interactivity.
Building Towards IPO
Naveen Tewari, CEO of InMobi, emphasized that the core of both their consumer and enterprise businesses is powered by AI technology. The company is leveraging AI to drive innovative experiences through platforms like Glance and InMobi Advertising, setting the stage for its anticipated IPO in India in 2025.
Financial Projections
InMobi expects to exceed $700 million in annual revenue by the end of March, which paves the way for its vision of a $10 billion valuation. Plans to relocate the company's domicile from Singapore back to India are also in the pipeline.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.