Funding · Enterprise Software & IT

InMobi secures $100 million debt financing to fuel AI expansion and acquisitions

By Startup Enthusiast · 11 September 2024

What they do

InMobi is a mobile advertising and technology platform operating in over 165 countries

The company secured $100 million in debt financing from MARS Growth Capital, a partnership between MUFG Bank and Liquidity Group

The funds will be used to accelerate AI-driven initiatives and support strategic acquisitions to enhance mobile advertising solutions

InMobi secured $100 million in debt financing from MARS Growth Capital, a partnership between MUFG Bank and Liquidity Group.
The funding will be used to accelerate AI-driven initiatives and support strategic acquisitions to enhance mobile advertising solutions.
Naveen Tewari, CEO of InMobi, stated that AI is the cornerstone of their technology and that this funding will help them revolutionize digital interactions and advertising.
This is InMobi’s first major fundraising effort in five years.
InMobi plans to use the funds to offer more immersive and personalized ad experiences to brands and consumers, moving beyond traditional formats.

InMobi is a leading mobile advertising and technology platform with a global presence in over 165 countries.
The company is preparing for an initial public offering (IPO) in India, planned for the second half of next year.
InMobi aims for a $10 billion valuation and intends to shift its corporate domicile from Singapore to India.

InMobi operates a mobile advertising platform that helps brands and consumers connect, discover, and transact at scale.
The company has consumer brands such as Glance and 1Weather, which provide lock screen experiences and hyperlocal weather forecasts.
InMobi also offers enterprise platforms that provide media buyers and owners with tools, data, and expertise to inspire lasting connections.
The company’s Advertising Platform powers customer growth by helping them engage audiences and drive real connections.

InMobi plans to prepare for an initial public offering (IPO) in India in the second half of next year.
The company intends to shift its corporate domicile from Singapore to India.
InMobi aims to use the funds to accelerate AI-driven initiatives and support strategic acquisitions.

MARS Growth Capital (lead) — A partnership between MUFG Bank and Liquidity Group.