IPO · Consumer Internet & Media

InMobi appoints banks for $1 billion IPO

By Startup Enthusiast · 22 July 2026

What they do

InMobi is a mobile advertising company that provides marketing and monetisation solutions to brands and publishers

It has appointed four banks for an IPO to raise $1 billion and is re-domiciling from Singapore to India for the listing

The IPO comes after several delays; the company was India's first unicorn after a SoftBank investment in 2011

InMobi has appointed JPMorgan Chase, Jefferies, Kotak Mahindra Capital and Axis Capital as banks for its initial public offering (IPO).
The company aims to raise $1 billion through the IPO.
InMobi is re-domiciling from Singapore to India for the listing.
IPO proceedings are expected to start later this week.
The listing is expected in the next few months.
The money raised will go toward growth, operational expansion and strategic initiatives in advertising and media.
InMobi had previously planned an IPO in 2021 but shelved it due to adverse market conditions and the funding winter.
IPO plans resurfaced in 2024 and 2025 but did not materialise.

The Indian IPO market raised about $5 billion in 2026, behind two record-setting years of $20 billion+ each.
Other high-profile IPO pipelines include NSE, Zepto, Jio Platforms and Manipal Health Enterprises.
Seven startups debuted on D-Street in 2026; 28 others filed draft red herring prospectuses (DRHPs) with SEBI.

InMobi helps brands, advertisers and publishers with mobile advertising and monetisation tools.
It has expanded into marketing, content and commerce technologies.
In 2019, it launched Glance, an AI-based Android lockscreen platform.
Glance has raised more than $320 million from Sherpalo Ventures, SoftBank, Kleiner Perkins and others.
In May 2026, InMobi acquired San Francisco-based MobileAction for an undisclosed amount.
The company was founded in 2007.

IPO proceedings to start later this week.
Listing expected in the next few months.
The company will use the funds for growth, operational expansion and strategic initiatives in advertising and media.

SoftBank (existing) — Invested in 2011, creating India's first unicorn. Sold a large portion of its stake back to InMobi for about $250 million; still holds a small stake.