[Funding alert] Glance becomes India's newest unicorn; raises $145M from Google and Mithril Capital
India's newest unicorn, Glance, a subsidiary of InMobi, will use the funding to further its AI capabilities and take the business to new markets.
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funding of $145 million from Google and existing investor Mithril Capital.
Glance will use the new funding to deepen its AI capability across
Glance and Roposo, expand its technology team, launch services on the platform, further strengthen the brand, and drive expansion in global markets.
In a statement,
Naveen Tewari, Founder and CEO of Glance and InMobi Group, said,
“Glance is reimagining the future of digital consumption on smartphones. We are absolutely thrilled to have Google as a strategic investor in Glance and Roposo (video sharing social media platform). With two of the largest digital content platforms in the country, we have taken the lead in making the digital economy accessible for the next billion users in India and globally.”