InMobi Raises $100M to Fuel AI Acquisitions Ahead of 2025 IPO
Indian adtech firm InMobi secures $100 million in debt financing to expand its artificial intelligence capabilities and fund acquisitions before its planned $10 billion IPO next year.
Adtech startup InMobi raises $100 million in debt financing from Mars Growth Capital to significantly expand its artificial intelligence initiatives. The profitable Indian company plans to use this capital to fund potential AI acquisitions as it prepares for a planned initial public offering next year. Mars Growth Capital, a joint venture between MUFG and Liquidity Group, provides the funding as part of its growing investment portfolio in the Indian tech ecosystem.
InMobi currently works with tens of thousands of app developers across more than 50 nations and counts major brands like Samsung, Mastercard, and Coca-Cola among its customers. Over the past two years, the SoftBank-backed firm actively explores AI advancements to improve ad interactivity and seamlessly integrate native advertisements into digital content. The company also owns Glance, a unicorn startup that operates a popular Android lock screen platform.
The debt financing arrives as InMobi eyes an approximate $10 billion valuation for its upcoming IPO in India. The firm expects to generate annual revenue exceeding $700 million by the end of March, demonstrating strong financial momentum ahead of its public market debut. Meanwhile, its subsidiary Glance is separately in talks to raise over $200 million in its own funding round.