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InMobi Looks At IPO In 2021 After ‘Best Ever Year’ Amid Pandemic

Mobile adtech unicorn InMobi Group plans for an IPO for its core adtech business this year. InMobi founder & CEO Naveen Tewari said the IPO in 2021 is the logical step after 2020 which was “the best ever” year for the company on the advertising side with massive growth, very large scale and huge profitability.

InMobi specialises in mobile marketing and mobile advertising and became India’s first unicorn startup back in 2011. Initially launched as an SMS-based search engine, the company later pivoted to leverage data such as location and app interests to serve up to deliver ads that feel organic and part of a user's mobile computing experience.

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