Glance InMobi pushes curated news and entertainment content onto phone lock screens and also runs a short-video app
Almost 68% of the respondents plan to shop online this festive season, with 43% of Indians increasing their online shopping budgets this year
SoftBank CEO Masayoshi Son once saw hotel chain Oyo as the jewel in his crown
Glance, which is owned by the InMobi Group, delivers content to the lockscreen of Android-based smartphones
The service is expected to be rolled out some time in September and Glance has already set up a large team in San Francisco to oversee the project
This is the first major deployment of the funds raised in Dec, when Glance became a unicorn with Google's backing
Glance is also the owner of video-sharing social media platform Roposo
The firm had plans to continue work-from-home till July, but with now Covid cases surging, it may extend the facility
According to the sources, the company is approaching merchant bankers, including Goldman Sachs, Morgan Stanley, and JPMorgan, and it expects to finalise the line-up quickly
India has become the fifth-largest mobile gaming market across the world supported by access to affordable smartphones, low network data tariffs and improving mobile internet speeds
India would be a key focus area and acquisition of TikTok will bring in more users.
The discussions, initiated by Japan's SoftBank Group Corp, are private, early and complex, the report said
Glance, which currently provides a feed of entertainment, news, sports and video game oncent on mobile phone lock screens, has already garnered over 125 million users
The company's total expenses for the fiscal were reported as Rs 508 crore.
The country's app download growth rate was four times the global average
The country has realised the potential of start-ups that have disrupted traditional businesses (or ways of doing business) and have garnered large market share, across segments
In a bold move in 2018, it reimagined mobile advertising and developed a first-of-its-kind lock-screen content platform, which has 115 mn users across Asia today
Glance, the home-grown firm's newest business, has just received major funding from an unexpected source - Google - vaulting the 18 month-old-unit to Unicorn status
From centre issuing Rs 5,500 cr worth of zero-coupon bonds for P&SB recapitalisation to Anil Ambani's Reliance Capital getting 10 more bids for subsidiaries, here are top headlines this morning
Glance delivers AI-driven personalised content in multiple languages including English, Hindi, Tamil, Telugu and Bahasa on the lock screen of Android smartphones