It is valued at about $10 billion in their first public offering (IPO) in 2025. The company plans to relocate their address from Singapore to India. The reason is for the preparation for the upcoming IPO as the company wants to list in India in the next month.
The potential listing could be a historic moment as it can be one of the highest IPO listings by a local startup.
InMobi is an Indian multinational company. The company operates in Bangalore, India. mKhoj was the initial name it was founded in 2007. The platform is open to brands, publishers, and developers. They can use it to engage the audience with contextual mobile advertisements. In 2011, InMobi was the first unicorn startup company in India. The founders of InMobi wanted to rebrand the company and they went from a mobile search company to a mobile advertising company.
InMobi faced a battle with giants, as Meta and Google-controlled digital advertisements. Despite this, InMobile technology found a niche. They did so by offering an advertising platform with many technologies. Today, InMobi technology provides their customers with many programs. The programs are in 50 countries, the company has many clients, including Mastercard, Samsung, and Vodafone. It also has famous brands like Coca-Cola and Kellogg’s. InMobi’s technology enabled the startup to achieve to advertisers a wider reach.
A new IPO in India has a value of $10 billion. It could make a company one of the greater listings by local software startups. Startups in India often receive evaluations below $5 billion, such as Mamaearth, which was valued at $1.2 billion. The fintech company, Paytm, was listed at a $20 billion valuation in 2021 and has seen their market price fall to $3.5 billion. The valuation of the company, which raised $2.5 billion in India’s biggest IPO, remained at $13,6 billion at the close of trading on regional stock exchanges compared to the $20 billion valuation the company was aiming for.
The upcoming IPOs of InMobi will affect the whole group, including their investments in Glance. InMobi Technology expects to generate an annual income of over $700 million by the end of March.
The InMobi company limited in launching a renewed version of Glance. It will include generative AI to deliver customized feeds and experiences. Glance is a unicorn startup that operates an Android lock screen platform. The new feature will help users visualize themselves. They will wear clothes from different brands.
In the future, InMobi technology plans to add generative AI to their advertising business as well, looking to transform the entire tech and advertising landscape. For this reason, the company aims for a $10 billion valuation in an upcoming IPO in 2025. They will create and insert native advertisements into many content types. Also, InMobi wants to produce and deliver more effective advertising solutions – all by using AI.
.webp)
.webp)
