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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Ahead of the planned IPO, InMobi founders have bought back more than 30% of the company from the Japanese investment giant, raising their stake to around 60%.
SoftBank has likely washed its hands of a big outcome in InMobi. The Japanese investment giant invested in the mobile advertising platform in 2011, making the company India’s first unicorn, and has held its stake for the last 14 years. That’s a long wait without any outcome, and the fund appears to have run out of patience. SoftBank has now reportedly sold its stake to InMobi’s founders, who have taken on debt to make the transaction happen.
The founders have bought back over 30% of the company from SoftBank for about $250 million. This reduces SoftBank’s holding to about 6-7%. …
For one of the world’s largest and shrewdest investors to entirely skip putting money in the country is a sign of how quickly the nature of the Indian startup ecosystem has changed.
In theory, these tools make it possible to do more with fewer workers, but it is not that straightforward.
A three-part series that documents the rise and decline of the original Indian social media company.
