CosmicTaco

InMobi Eyes $10 Billion Valuation in 2025 India IPO

CosmicTaco · 2024-07-18T09:00:40.147120+05:30

- 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

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