InMobi

The funds will be used to propel InMobi's artificial intelligence (AI) development and deployment efforts forward and fund potential AI-focused acquisitions

Softbank-backed consumer technology company InMobi on Wednesday said it has raised USD 100 million debt financing from MARS Growth Capital, a joint venture between MUFG and Liquidity Group. InMobi has plans to list in India and has started the necessary process. The company plans to use the funds for the development and deployment of InMobi's artificial intelligence (AI) technology and for potential AI-focused acquisitions. "We are pleased to have the confidence and funding from MARS Growth Capital to further accelerate our growth trajectory," Naveen Tewari, CEO of InMobi said. He said AI is the bedrock of both InMobi's consumer and enterprise businesses. "We are using it to power the revolutionary lock screen experiences and InMobi Advertising's platforms. We are reimagining how ads can be made truly native by driving superior engagement and outcomes for consumers, advertisers and publishers," Tewari said. MARS Growth Capital invests in future-ready AI platforms in Asia Pacific

The firm has 400 million phones/customers across the world who have Glance

Reliance Jio has invested $200 million for a 17 per cent stake in Glance and Google along with others, have put in over $145 million

The company currently has a global base of over 450 million users, whereas the active users in India are pegged at 235 million

This transition is part of Byju's ongoing strategic restructuring and reorientation of its leadership team to further enhance operational efficiency

Softbank-backed InMobi group's mobile gaming platform Nostra on Tuesday said it expects to grow its user base by close to three-fold to 200 million by 2024. Nostra, formerly Glance Gaming, said it has surpassed 75 million monthly active users in online gaming through Glance Lock Screen, making it India and Southeast Asia's largest mobile gaming platform. "Users are not only playing games on Nostra but also engaging deeply with games streams. They clocked over 470 million hours watching game streams in 2022. We plan to take Nostra's proposition that users clearly love global and aim to reach over 200 monthly active users in the next two years on the back of Glance lock screen and several other device partnerships," InMobi Group co-founder and Glance COO and President Piyush Shah said. Online gaming is one of the fastest-growing industries globally. In India alone, the online gaming market is estimated to cross USD 7 billion by 2025, the statement said. "Glance is fully committed to

Poor performance prompted the company to take this extreme step

InMobi Group founder-CEO Naveen Tewari said India builds world-class products that people across the globe use everyday and raised optimism that the country would create all the softwares in the world over the next 10 years. Advertising technology company InMobi became India's first unicorn startup back in 2011. "In the next 10 years, India will write all the software on which the world will run, with Bengaluru at the heart of it," Tewari said as the guest of honour on the inaugural day of the 25th Bengaluru Tech Summit. He said his greatest wish is that Bengaluru should not be called the Silicon Valley of India anymore. Instead, he wanted the city to be called 'Bengaluru of Bharat' -- the heart of India's and the world's greatest innovation. Tewari said India builds world-class products that people across the globe use everyday. He also pointed out that no other developed nation has gone through digitisation at the pace that India has. According to him, India is well on its way t

Softbank-backed Inmobi's Glance expects the viewer base of its Hyperlive shows to touch 25 million within a year

Inmobi's Glance, which is present in India, Indonesia and parts of Southeast Asia, is focussing heavily on expansion in existing as well as new markets

To support enterprise and strategic advertisers in Southeast Asia, West Asia, and Africa under new arrangement

Market boom, success of global start-ups key drivers

Anzu's in-game advertising solution allows programmatic advertisers to run their banner and video ads via blended yet highly viewable IAB-compliant ad formats that sit on 3D objects.

InMobi's social media arm Roposo is in discussions with Reliance Retail for a social commerce related business deal which is expected to be rolled out in the next two quarters, a top official said

Will use funds for expanding into global markets such as the US, Russia, Brazil and Mexico

This collaboration will give Glance strategic access to India's top creators and celebrities, while providing disruptive and sustainable monetisation opportunities for country's entertainment talent

Appsumer has been the intelligence platform of choice for consumer brands such as Miniclip, Picsart and Viber. It was funded by Galvanise Capital and named a Top-100 UK startup

The feature, called LIVE, currently has 20-25 daily live shows currently, which are between 5-20 minutes long

Glance InMobi pushes curated news and entertainment content onto phone lock screens and also runs a short-video app