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Glance Raises $145 Million From Google and Mithril Capital

Dec 22, 2020over 4 years ago

Amount Raised

$145 Million

Description

Glance, the world’s leading lock screen platform, today announced that it has closed a $145 million investment round from Google and existing investor Mithril Capital. Glance is a subsidiary of InMobi Group and owner of the fast-growing video-sharing social media platform Roposo.

Company Information

Company

Glance

About

Reliance Industries is investing $200 million in Glance, a lock screen content company backed by Alphabet and owned by ad-tech firm InMobi, to bring the service to new Jio smartphones this year, the companies said on Monday. The investment, made through Reliance's Jio Platforms unit, values Glance at $1.7 billion to $1.8 billion post-money, according to a source involved in the deal. Glance is available on default in 60% to 65% of new smartphones sold in India, thanks to tie-ups with Samsung, Xiaomi, Vivo, Oppo and Realme, Tewari said.

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech