Ahead Of IPO, InMobi Nets $100 Mn Debt To Boost Its AI Stack

SUMMARY

Adtech startup InMobi has secured $100 Mn (around INR 840 Cr) in debt funding as India’s first unicorn prepares for its initial public offering (IPO)

The SoftBank-backed startup plans to deploy the fresh capital towards strengthening its artificial intelligence (AI) capabilities and potential AI-focused acquisitions

Founded in 2007, InMobi provides marketing and monetisation technology to app developers worldwide

Adtech startup InMobi has secured $100 Mn (around INR 840 Cr) in debt funding from Mars Growth Capital, a joint venture between MUFG and Liquidity Group, as India’s first unicorn prepares for its initial public offering (IPO).

The SoftBank-backed startup plans to deploy the fresh capital towards strengthening its artificial intelligence (AI) capabilities and potential AI-focused acquisitions.