InMobi, a leading Indian mobile technology company, has secured ₹830 crore ($100 million) in debt financing from MARS Growth Capital, a partnership between MUFG and Liquidity Group.
The funds will be used to enhance InMobi’s artificial intelligence (AI) capabilities and fuel acquisitions in AI-focused sectors.
Strengthening AI Capabilities
InMobi, a pioneer in mobile advertising, has been at the forefront of using AI and machine learning for over a decade.
With this new funding, InMobi aims to deepen its AI-driven innovations, delivering more personalized and immersive ad experiences for users and brands.
Naveen Tewari, CEO of InMobi, stressed the importance of AI in both the company’s consumer and enterprise platforms, stating that the financing will allow them to scale these efforts further.
“We are revolutionizing the way consumers and advertisers engage through AI-powered lock screen experiences and advertising platforms.
This funding will enable us to push boundaries and create superior engagement for users and brands alike,” Tewari said.
Preparing for Public Listing in India
InMobi is gearing up for its public listing in India, projected for 2025 with an estimated valuation of around ₹83,000 crore ($10 billion).
As part of this strategic move, the company plans to shift its headquarters from Singapore to India, reflecting its commitment to the rapidly growing Indian tech ecosystem.
Support from MARS Growth Capital
MARS Growth Capital, which focuses on high-potential AI platforms in Asia and Europe, sees this investment as key to driving InMobi’s next phase of growth.
This ₹830 crore funding marks one of the largest transactions for MARS Growth, underscoring the confidence in InMobi’s potential to lead AI innovation in the mobile advertising space.
Ron Daniel, Co-Founder and CEO of Liquidity Group, remarked, “InMobi is well-positioned to capitalize on the evolving AI landscape, and we are excited to support their next wave of innovation.”
About InMobi
InMobi, founded in India, is transforming how people discover content, engage with brands, and shop via mobile devices.
The company operates two core businesses, Glance and InMobi Advertising, both leveraging AI to enhance digital experiences.
Glance offers personalized content directly on users’ lock screens, while InMobi Advertising enables brands to connect with their audiences through targeted media solutions.
About MARS Growth Capital
MARS Growth Capital, a collaboration between MUFG and Liquidity Group, provides advanced financing to tech companies across Southeast Asia, the Pacific, and Europe, focusing on AI-driven platforms.
Liquidity Group is an AI-based financial asset management firm with operations across multiple global markets, including India, and is committed to supporting innovative technology businesses.
