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Reliance’s Jio Platforms Unit Invests $200M In Inmobi’s Glance

Reliance’s Jio Platforms Unit Invests $200M In Inmobi’s Glance

02/15/22, 12:51 AM
Money raised
$200 million
India’s 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.

Company Info

Company
In Mobi
Additional Info
India’s 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. Ambani has been steadily buying stakes in consumer internet firms and tying those services into Reliance Jio, as he looks to create a technology behemoth that incorporates connectivity, content and commerce.“The deal is also expected to lead to further strategic collaborations between Glance, Reliance Retail and Jio across devices, commerce, content and gaming ecosystem,” InMobi said in a statement.