• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Friday, July 18, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

INMOBI ALL IN FOR A US IPO

by Smriti Dixit
April 1, 2021
in Business
Reading Time: 3 mins read
0
INMOBI ALL IN FOR A US IPO
TwitterWhatsappLinkedin

Wednesday was quite a good day for InMobi as it came up with an announcement that was not anticipated at all. The company has made its mind to enter the US market by its initial public offer. The amount, details & strategy ahead are mentioned in the article. Let’s get into it.

You might also like

Trump Administration Pulls $4 Billion in Federal Funding from California’s High-Speed Rail Project

Starbucks Tightens Office Mandate, Requires Corporate Employees to Return Four Days a Week

Reddit Rolls Out Mandatory Age Checks for UK Users Amid Stricter Online Safety Rules

BACKGROUND OF INMOBI

The company is a major multinational internet technology founded in the year 2007. The major founders are Naveen Tewari, Mohit Saxena, Amit Gupta and Abhay Singh. It is headquartered in Bangalore.

In the year 2011; the company was officially the country’s first Indian unicorn company. It was initially set up as an SMS service provider and they increased at a very rapid pace. It country has a footfall in 12 countries across 5 continents. The company started to make money by using the traditional advertising modes.The company has strong back up from ventures like:

  • Soft Bank
  • Kleiner Perkins
  • Sherpalo Ventures

The rounds of financing are as follows:

 

Angel Funding $ 500,000
Series A $ 7, 100,000
Series B $ 8, 000, 000
Series C $ 2,00, 000, 000
Venture $ 5,000,000
Debt Financing $ 100 , 000,000

 

The company has also made various acquisitions & partnerships; the details are described below:

2011; Sprout, the US advertising company

2012; MMTG Labs, a San Francisco based start up

2015; APUS Group; monetization partnership

2016; Moat partnership; SaaS analytics

2018; Global partnership with Microsoft Corp

2019; Roposo acquired by Glance

2020; Glance also achieved unicorn status

The major focus of company from the starting has been on mobile & native advertising. Re-marketing is also an area that gains a lot of attention after the launch of Miip in 2015. They are in touch with 30000 app developers across various streams. Native ads are also used since 2014 to enrich the customer’s experience. The major competitors are Facebook Inc. & Google.

 

INSIGHTS INTO IPO

The company is planning to get listed in the US by the end of the year 2021. The board of the company has to make certain decision consider the listing. The size of the offer can be very large as $ 1 billion which may take the company from $ 12 billion valuation to $ 15 billion.

This would be the first time when any of the unicorns especially the Indian ones to get listed in the US stock exchange. The company is expected to file an S-1 statement with the US securities & exchange commission within next few months. The major banks in talk are JP Morgan & Chase, Goldman Sachs, Citigroup Inc.

The company made it’s stake clear by stating that the pandemic has brought a positive change for the company as it was able to shift the customer’s focus to video streaming & shopping. The company has made it easy for advertisers & monetization is made even more convenient.

 

 

The facts have already presented a bright picture for the digital marketing domains. The market is expected to reach $ 579 billion market by the end of this year. For an Indian company to hit US markets is always a clear cut bell that rings for competition.It clearly signals that every company needs to be on their toes to tackle with their coming survival & profitability. The funding would not only strengthen their base nationally but allow them to go international.

Tags: fundingIPO
Tweet54SendShare15
Previous Post

PERPULE; THE START UP ACQUIRED BY AMAZON

Next Post

AI START UP UNIPHORE RAISES $ 140 MILLION

Smriti Dixit

Recommended For You

Trump Administration Pulls $4 Billion in Federal Funding from California’s High-Speed Rail Project

by Harikrishnan A
July 17, 2025
0
Trump Administration Pulls $4 Billion in Federal Funding from California’s High-Speed Rail Project

President Donald Trump has ordered the U.S. Department of Transportation to revoke $4 billion in federal funding from California’s high-speed rail project, a move that has reignited a...

Read more

Starbucks Tightens Office Mandate, Requires Corporate Employees to Return Four Days a Week

by Harikrishnan A
July 17, 2025
0
Starbucks Tightens Office Mandate, Requires Corporate Employees to Return Four Days a Week

Starbucks is changing course on remote work and increasing the number of required in-office days for corporate employees. Starting in October, those working near its major offices in...

Read more

Reddit Rolls Out Mandatory Age Checks for UK Users Amid Stricter Online Safety Rules

by Harikrishnan A
July 17, 2025
0
Surge in Reddit’s MOON Token Price Following Deflationary Strategy Unveil

Reddit users in the United Kingdom now face a new requirement before they can access certain adult or sensitive content on the platform: they must prove they are...

Read more
Next Post
AI START UP UNIPHORE RAISES $ 140 MILLION

AI START UP UNIPHORE RAISES $ 140 MILLION

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?