Funding · Consumer Internet & Media
InMobi seeks $350M private loan ahead of IPO
By Startup Enthusiast ·
- Date
- Company
- InMobi
- What it does
- Mobile advertising and consumer platforms
- Kind
- Funding
- Amount
- $350 million
- Stage
- late
- Based in
- Singapore
- Founded
- 2007
What they do
InMobi Group runs mobile advertising and GenAI-powered consumer platforms
What happened
It is seeking a $350 million private loan to partly buy back SoftBank shares and fund acquisitions
Why it matters
The loan reflects growing private credit use by Indian startups to restructure equity before an IPO
The details
- InMobi Group is seeking a $350 million private loan.
- The loan is intended to partly fund a buyback of shares held by SoftBank and other equity holders.
- Proceeds will also be used for capital expansion, including strategic acquisitions.
- Loan talks are ongoing and plans could still change.
The bigger picture
- India's private credit market saw $9 billion in deal volume in H1 2025, up 53% year-on-year.
- India is the third largest startup ecosystem with consistent 12% yearly growth.
- In June 2025, Table Space founder raised about ₹200 crore ($22.7 million) from private credit for a stake purchase ahead of its IPO.
About the business
- InMobi is a mobile advertising platform with GenAI-powered tools for brands and consumers to connect, discover, and transact at scale.
What happens next
- InMobi plans to use the loan to buy back shares from SoftBank and other equity holders.
- It also plans to use the funds for capital expansion, including strategic acquisitions ahead of its India IPO.
The deal
- Type
- debt
Investors
- SoftBank Group Corp. (existing) — Japanese conglomerate that backed InMobi since its unicorn round in 2011.
- Kleiner Perkins (existing) — US venture capital firm that led InMobi's Series B in 2010.
- Sherpalo Ventures (existing) — Early-stage investor that participated in InMobi's Series B.
Founders
- Naveen Tewari, Co-founder
- Mohit Saxena, Co-founder
- Abhay Singhal, Co-founder
- Amit Gupta, Co-founder
More on InMobi
- True North buys minority stake in InMobi25 September 2026 · Stake sale · $50-60 million
- Pavitra Gupta appointed VP and GM India at InMobi8 September 2026 · People
- InMobi tops Bengaluru funded SaaS list12 August 2026 · Analysis
- Enforcement Directorate searches InMobi in Gameskraft money-laundering probe30 July 2026 · Policy · ₹526.49 Cr
- InMobi appoints banks for $1 billion IPO22 July 2026 · IPO · $1 billion
- InMobi CTO discusses India's AI lag at summit28 May 2026 · Analysis
- InMobi acquires MobileAction to boost iOS advertising7 May 2026 · Acquisition
- InMobi expands AI partnership with Salesforce14 April 2026 · Partnership