InMobi operates two core businesses: Glance, an AI-driven content-discovery platform that delivers personalised entertainment and information to smartphone lock screens; and InMobi Advertising, which offers data-led media solutions and targeted advertising for brands.

InMobi founders buy back SoftBank’s $250 mn stake ahead of IPO

InMobi to Repurchase Majority of SoftBank's Stake, Raises $350 Million in Debt

Adtech-to-consumer-tech firm InMobi is taking a significant step towards consolidating ownership by repurchasing a majority of SoftBank's stake, according to sources close to the matter.

Key Changes in Ownership Structure

SoftBank's holding in InMobi will reduce sharply from over 36% to less than 7%.
The founders and employees will hold more than 80% of the company.

What's the Proposed Valuation of InMobi?

The deal values InMobi at roughly $1 billion, similar to its valuation in 2011. SoftBank will receive a clean exit from its long-held position, while the founders regain tighter control ahead of the planned listing.

Funding the Buyback

The founders have pledged shares to secure $350 million in debt from private credit funds, including Värde Partners, SeaTown Holdings, and Elham Credit Partners. About $250 million will be used to acquire SoftBank's stake, with the remainder earmarked for operational expenses.

InMobi's Future Plans

The increased promoter ownership will rank among the highest for an Indian new-age tech company, giving InMobi's leadership greater flexibility on strategy, governance, and future growth, including M&A and new product bets.

About InMobi

InMobi operates two core businesses: Glance, an AI-driven content-discovery platform that delivers personalized entertainment and information to smartphone lock screens; and InMobi Advertising, which offers data-led media solutions and targeted advertising for brands.