Glance in talks with US, Japanese investors to raise $200-250 million

Spurred by growth in its video-sharing platform Roposo, InMobi-owned Glance is tapping US and Japanese investors to raise $200-250 million, said people in the know.

“The discussion is in advanced stages and if all goes well, it could be closed in the ongoing quarter at a healthy valuation,” said one of the persons. An InMobi spokesperson declined to comment.

Glance, positioned as a subsidiary of InMobi, has so far raised one round of $45 million from Mithril Capital — a growth-stage investment firm co-founded by Silicon Valley-based investors Peter Thiel and Ajay Royan.

“The new round is to support monetisation of Roposo, which