Indian tech powerhouse InMobi is gearing up for its IPO with a bold $200 million investment in its AI-powered shopping platform, Glance AI.
This move highlights the company’s confidence in AI as a game changer in the future of online commerce. Glance AI leverages cutting edge features like selfie based recommendations to deliver personalized shopping experiences across more than 140 countries.
Glance AI Set for Growth with $200M Injection
Partnering with over 400 brands and retailers, InMobi aims to attract 100 million users in its first year, focusing heavily on key markets such as India, the U.S., and Japan.
Co founder Naveen Tewari emphasized that the company is doubling down on AI, not only through Glance AI but also by launching a generative AI advertising platform later this year.
Thanks to strategic partnerships and continued investments, Glance AI is expected to surpass 50 million users within just 100 days.
This $200 million funding marks a significant milestone for InMobi as it prepares to go public, positioning the company at the forefront of AI innovation in commerce and advertising.
