InMobi eyes $400 million funding at $8 billion valuation

Bengaluru-based adtech unicorn InMobi is in advanced discussions to raise $400 million in a Series E funding round at a post-money valuation of $8 billion, according to sources familiar with the matter. The last known valuation of InMobi stood at $1.5 billion, making the projected $8 billion valuation a more than fivefold increase.

Both existing and new investors are expected to participate in the equity-only round, which could close in the coming weeks.