InMobi raises $100 mn debt financing from MARS Growth Capital: CEO Tewari

Softbank-backed consumer technology company InMobi on Wednesday said it has raised $100 million debt financing from MARS Growth Capital, a joint venture between MUFG and Liquidity Group.

InMobi has plans to list in India and has started the necessary process.

The company plans to use the funds for the development and deployment of InMobi’s artificial intelligence (AI) technology and for potential AI-focused acquisitions.