InMobi, a company preparing for an IPO, secures INR 32 crore from its co-founders.
**InMobi and Glance: Navigating Future Horizons**
InMobi, the marketing and monetisation solutions provider founded in 2007, has recently announced several significant developments. Most notably, the company has secured additional funding and is gearing up for an Initial Public Offering (IPO).
**Recent Funding**
InMobi has recently received INR 32 crore ($3.7 million) from its cofounders and Singapore-based Vatera Pte. Ltd. This latest round, classified as Debt - III, has brought InMobi's total funding to over $610.6 million. The funds raised will be used for InMobi's working capital requirements.
**IPO Plans**
InMobi is planning to file its Draft Red Herring Prospectus (DRHP) for an initial public offering (IPO) worth INR 2,000 crore ($233 million) in the ongoing financial year between December 2025 and March 2026. Notably, Glance, a separate entity from InMobi, is planning a separate IPO.
**Glance: A Separate Entity**
Glance, InMobi's lock screen content and product discovery platform, was founded in 2019 by Abhay Singhal and three other individuals. Glance operates in the Enterprise Tech sector. Despite the details of Glance's funding and investment rounds not being specified, it has raised a total of $390.0 million to date.
**Private Credit Fundraising**
While there is no specific mention of InMobi's plans for private credit fundraising, given its recent funding activities and plans for an IPO, it is plausible that the company may explore various financial options, including private credit, to support its growth and strategic objectives.
**InMobi's Future in India**
InMobi is planning to reverse flip to India from Singapore ahead of its IPO. The details of Glance's IPO are yet to be announced, but it is expected to take a few more years. The headquarter city of Glance is Bengaluru.
InMobi's board passed a resolution to allot 2,915 CCPS to the cofounders and Vatera at INR 1,09,655 apiece. The exact composition of Glance's board of directors and key executives is not specified in the available information.
[1] INR 32 crore [2] INR 2,000 crore [3] $610.6 million
- In Mobi's future business plans seem to include both an Initial Public Offering (IPO) worth INR 2,000 crore and potential exploration of private credit fundraising for further financial support to fuel growth and strategic objectives in the realm of investing.
- In the upcoming financial year between December 2025 and March 2026, InMobi plans to file its Draft Red Herring Prospectus (DRHP) for its IPO, while Glance, a separate entity from InMobi, is anticipated to conduct its IPO in the subsequent years, with its IPO details yet to be announced.
