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Naveen Tewari creates second unicorn after InMobi; Glance raises funds from Google, Mithril
Glance is a subsidiary of InMobi Group and owner of video-sharing social media platform Roposo December 23, 2020 / 10:13 AM IST
InMobi s Naveen Tewari s lock-screen content platform Glance has raised $145 million from Google and existing investor Mithril Capital, an investment fund of Peter Thiel. With this, Tewari has created a second unicorn after InMobi.
The company will use the new investment to deepen the AI capability across Glance and Roposo, expand the technology team, launch services on the platform, further strengthen the brand and drive expansion in global markets.
Glance is a subsidiary of InMobi Group and owner of video-sharing social media platform Roposo. It delivers content in five languages including English, Hindi, Tamil and Telugu in India, and Bahasa in Indonesia. The platform now has 115 million daily active users, making it the third largest content platform in In
[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 bill