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Total amount raised
$815.6M
Latest funding date
2025-12-04
Location
InMobi has successfully raised funds through 11 different funding rounds, with the most recent being a Debt Financing round. The company is backed by 19 investors, including Varde Partners and Elham Credit Partners.
Keep reading to explore the intricacies of InMobi's fundraising journey and the investors backing this innovative platform.
InMobi has raised a total of at least $815.6M in disclosed funding across 11 rounds, backed by investors including Varde Partners, Elham Credit Partners, SeaTown Holdings, SoftBank Group, Kleiner Perkins, Sherpalo Ventures, MARS Growth Capital, Mithril Capital, Tennenbaum Capital Partners, Lightbox, Mumbai Angels, and InMobi's own co-founders.
Keep reading to explore InMobi's full fundraising journey — from its 2007 seed round to its most recent $350 million debt financing in December 2025.
What Is InMobi?
InMobi is a global consumer technology company headquartered in Singapore (with key operations in Bengaluru, India and the United States), founded in 2007 by Naveen Tewari, Abhay Singhal, Piyush Shah, and Mohit Saxena. Originally launched as mKhoj — an SMS-based search and monetization business — the company pivoted to mobile advertising under the InMobi brand in 2009. Today it operates two core businesses: InMobi Advertising, which offers data-driven media solutions powered by AI and machine learning to help brands connect with audiences, and Glance, an AI-powered content discovery platform that delivers personalized content on smartphone lock screens. InMobi is widely recognized as India's first tech unicorn, having achieved that status following SoftBank's landmark $200 million investment in 2011.
How Much Funding Has InMobi Raised?
InMobi has raised at least $815.6M in total disclosed funding across 11 rounds. Here is a chronological breakdown of each round:
- Seed Round
- Amount Raised: USD 500,000
- Date: August 2007
- Lead Investors: Mumbai Angels
- Other Participants: Praveen Chakravarty, Sasha Mirchandani
- Series A
- Amount Raised: USD 7,100,000
- Date: April 2008
- Lead Investors: Kleiner Perkins Caufield & Byers, Sherpalo Ventures
- Series B
- Amount Raised: USD 8,000,000
- Date: July 2010
- Lead Investors: Kleiner Perkins Caufield & Byers, Sherpalo Ventures
- Series C
- Amount Raised: USD 200,000,000
- Date: September 2011
- Lead Investors: SoftBank Group
- Notes: Paid in two tranches: USD 100M in 2011 and USD 100M in April 2012
- Series C Extension
- Amount Raised: USD 5,000,000
- Date: December 2014
- Lead Investors: SoftBank Group
- Venture Debt
- Amount Raised: USD 100,000,000
- Date: September 2015
- Lead Investors: Tennenbaum Capital Partners
- Series Unknown (Undisclosed Round)
- Amount Raised: Undisclosed
- Date: January 2019
- Lead Investors: Lightbox
- Series D
- Amount Raised: USD 45,000,000
- Date: September 2019
- Lead Investors: Mithril Capital
- Notes: Funding directed to Glance, InMobi's lock-screen content platform
- Debt Financing
- Amount Raised: USD 100,000,000
- Date: September 11, 2024
- Lead Investors: MARS Growth Capital (a joint venture between MUFG and Liquidity Group)
- Corporate Minority Round
- Amount Raised: ~USD 3,720,000 (INR 32 crore)
- Date: July 5, 2025
- Investors: Co-founders Naveen Tewari, Abhay Singhal, Piyush Shah, Mohit Saxena, and Singapore-based Vatera Pte
- Debt Financing
- Amount Raised: USD 350,000,000
- Date: December 4, 2025
- Lead Investors: Varde Partners, Elham Credit Partners, SeaTown Holdings International
- Notes: Structured in two tranches ($200M at operating company level; $150M at holding company level), priced at 13–14%; used in part to fund a buyback of SoftBank's stake
Total Amount Raised: at least $815.6M based on disclosed funding (one round amount undisclosed).
Key Investors
- SoftBank Group
- Details: One of the world's largest technology-focused investment groups, SoftBank invested $200M in InMobi's Series C in 2011 (paid in two tranches) and an additional $5M in December 2014. In December 2025, InMobi's founders used proceeds from the $350M debt raise to buy back SoftBank's stake (~$250M), effectively ending SoftBank's long-running investment in the company.
- Kleiner Perkins Caufield & Byers
- Details: A leading Silicon Valley venture capital firm, Kleiner Perkins co-led InMobi's Series A in 2008 and Series B in 2010, providing early-stage backing that helped InMobi scale internationally.
- Sherpalo Ventures
- Details: Founded by Ram Shriram, an early Google board member, Sherpalo co-invested with Kleiner Perkins across InMobi's Series A and Series B rounds.
- MARS Growth Capital
- Details: A joint venture between MUFG and Liquidity Group, MARS Growth Capital provided $100M in debt financing in September 2024, targeting AI development and potential acquisitions as InMobi prepared for its IPO.
- Varde Partners
- Details: A global alternative investment firm. Varde Partners co-led the $350M debt facility in December 2025 alongside Elham Credit Partners and SeaTown Holdings International.
- Elham Credit Partners
- Details: A credit-focused investment firm that co-led InMobi's $350M December 2025 debt round.
- Mithril Capital
- Details: A growth-stage investment firm co-founded by Peter Thiel and Ajay Royan. Mithril Capital led InMobi's $45M Series D round in September 2019, with funds directed toward Glance's expansion in Southeast Asia.
- Tennenbaum Capital Partners
- Details: A US-based credit and alternative investment firm. Tennenbaum Capital Partners led a consortium that provided InMobi with $100M in venture debt in September 2015.
- Mumbai Angels
- Details: An early-stage investment network in India that provided InMobi's inaugural seed funding of $500,000 in 2007.
What's Next for InMobi?
With a recent $350 million debt financing and a planned IPO on the horizon, InMobi is positioning itself as one of India's most anticipated public market entrants. The company is targeting a valuation of $10 billion and aims to raise $1 billion through its IPO, which it plans to file for in 2025. InMobi's strategy focuses on AI-powered advertising and consumer technology, with its Glance platform at the forefront of innovation in mobile content discovery. The company's global reach, spanning over 200 markets and connecting with over 2 billion consumers, provides a solid foundation for its next phase of growth.
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