Recently, Indian ad-tech startup InMobi announced the completion of a $100 million financing round. The primary aim of this funding is to deepen the company's footprint in the artificial intelligence sector and support potential future acquisitions. This round of financing was provided by Mars Growth Capital, a joint venture between Mitsubishi UFJ Financial Group (MUFG) and Liquidity Group.
As a profitable company, InMobi's clients include renowned brands such as Mastercard, Samsung, Vodafone, and Coca-Cola. In recent years, the company has actively explored artificial intelligence technology to enhance the interactivity of advertisements. Collaborating with tens of thousands of app developers across more than 50 countries, InMobi is dedicated to seamlessly integrating native ads into content through technological means to improve user experience.
Additionally, InMobi owns Glance, a unicorn startup focusing on the Android lock screen platform. According to TechCrunch, Glance is currently in talks to raise over $200 million.
InMobi plans to go public in India next year with a target valuation of approximately $10 billion. The company expects its annual revenue to exceed $700 million by the end of March next year. This financing from Mars Growth Capital marks a significant step for the investment company in the Asian tech ecosystem, indicating their confidence and commitment to the market.
It is worth noting that Mars Growth Capital has also recently supported other Indian startups, such as the quick commerce platform Zepto and the marketplace Infra.Market, showing their emphasis on and enthusiasm for the Indian market.
Key Points:
🌟 InMobi successfully raised $100 million, focusing on artificial intelligence and future acquisition plans.
🤝 The company's clients include Mastercard, Samsung, and other renowned brands, actively advancing advertising interactivity technology.
📈 Plans for an IPO next year with a target valuation of about $10 billion, with annual revenue expected to exceed $700 million.