IPO · Enterprise Software & IT

InMobi plans IPO in Mumbai with $5B to $6B valuation

By Startup Enthusiast · 24 July 2025

What they do

InMobi is a mobile advertising platform based in Mumbai, India

The company is planning an initial public offering (IPO) in Mumbai with a valuation range of $5 billion to $6 billion

This would join other Indian tech startups choosing domestic listings over overseas options

InMobi is planning an IPO in Mumbai with a valuation range of $5 billion to $6 billion.
The company is in discussions with arrangers and plans to file an initial draft prospectus with regulators this year.
The IPO would join other Indian tech startups like Meesho, Zepto, Pine Labs, PhonePe, and Billionbrains Garage Ventures Ltd. in choosing domestic listings.
The company declined to comment on the IPO plans.

Indian IPOs have raised over $7 billion this year, building on last year's record of nearly $21 billion.

InMobi is a mobile advertising platform that helps brands and consumers connect, discover, and transact at scale.
The company's advertising platform powers the growth of its customers by helping them engage their audiences and drive real connections.
The company's advertising platform supports mobile and beyond, offering tools, data, and expertise to inspire lasting connections.
InMobi's advertising solutions include brand building, growth marketing, and ad monetization.

SoftBank (backer) — A Japanese multinational conglomerate and venture capital firm.