Strategy
India’s first unicorn clicks again on the IPO button, this time at home
![India’s first unicorn clicks again on the IPO button, this time at home](https://img.etimg.com/thumb/msid-111413168,width-1015,height-761,imgsize-191188,resizemode-8/prime/technology-and-startups/indias-first-unicorn-clicks-again-on-the-ipo-button-this-time-at-home.jpg)
![India’s first unicorn clicks again on the IPO button, this time at home](https://img.etimg.com/thumb/msid-111413168,width-1015,height-761,imgsize-191188,resizemode-8/prime/technology-and-startups/indias-first-unicorn-clicks-again-on-the-ipo-button-this-time-at-home.jpg)
Synopsis
Two and a half years ago, ad-tech leader, InMobi had made moves for a US listing with a potential USD15 billion market cap. But the vagaries of the capital market forced it to abort the plans. InMobi is back with its IPO plans. This time round, on the Indian bourses.
Naveen Tewari, the founder of InMobi, carries nine mobile phones. Once, this even sparked a feeling of suspicion among the airport security. “I was asked, ‘dude, what’s your business?” he says jokingly. As the name InMobi suggests, Tewari’s business lies in mobile phones. Testing and tracking various products and features that InMobi is developing to harness mobile Internet to power advertisements require him to travel around with multiple
( Originally published on Jul 02, 2024 )
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