Private equity firm True North has reportedly acquired a minority stake in adtech and mobile advertising company InMobi in a transaction valued at roughly $50 million to $60 million, according to people familiar with the matter. The investment comes as the Bengaluru-founded startup prepares for a public-market debut, underscoring renewed investor interest in profitable, scaled Indian internet businesses with global reach.
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"True North Takes Minority Stake in IPO-Bound InMobi in $50-60 Million Deal"
Private equity firm True North has reportedly acquired a minority stake in adtech and mobile advertising company InMobi in a transaction valued at roughly $50 million to $60 million, according to people familiar with the matter. The investment comes as the Bengaluru-founded startup prepares for a public-market debut, underscoring renewed investor interest in profitable, scaled Indian internet businesses with global reach.
True North Takes Minority Stake in IPO-Bound InMobi in $50-60 Million Deal
R
RDU Global Wire
Startups & Venture Capital Desk
New Delhi, India Just now (10:55 PM IST)•6 min read
Private equity firm True North has reportedly acquired a minority stake in adtech and mobile advertising company InMobi in a transaction valued at roughly $50 million to $60 million, according to people familiar with the matter. The investment comes as the Bengaluru-founded startup prepares for a public-market debut, underscoring renewed investor interest in profitable, scaled Indian internet businesses with global reach.
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Reported by RDU Global Correspondent. Formatted and verified using real-time institutional and journalistic wire feeds. Independent reporting adhering to the RDU Global Editorial Code of Conduct.
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