{
  "id": 9977344,
  "title": "True North Acquires Minority Stake in IPO-Bound InMobi",
  "url": "https://urgent.news/2026/09/26/true-north-acquires-minority-stake-in-ipo-bound-inmobi",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-26T12:21:44.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/true-north-acquires-minority-stake-in-ipo-bound-inmobi/"
  },
  "original_language": "en",
  "account": "Private equity firm True North has acquired a minority stake in IPO-bound adtech startup InMobi, according to a Livemint report. The investment was reportedly around $50-60 Mn, acquired via secondary share purchases from early investors seeking an exit. True North also made a small primary funding contribution to the transaction. The minority stake represents approximately 2-3% of InMobi's shares, according to sources. Founded in 2007 by Naveen Tewari, Piyush Shah, Mohit Saxena, and Abhay Singhal, InMobi offers marketing and monetization solutions to brands, advertisers, and publishers. InMobi also operates social commerce platform Roposo and Glance, an AI-based Android lockscreen platform. The company has raised over $774 Mn from investors like SoftBank, Sherpalo Ventures, and Kleiner Perkins. Most recently, InMobi's cofounders injected around $3.7 Mn in June 2025 and later repurchased 25-30% stake from SoftBank. InMobi is currently redomiciling to India from Singapore and preparing for a $1 Bn public issue, with the company appointing JPMorgan Chase & Co, Jefferies, Kotak Mahindra Capital, and Axis Capital as merchant bankers. Reports suggest InMobi was preparing for an IPO with a $1 Bn issue size a year ago, with a valuation range of $8-10 Bn, though it may be closer to $6 Bn. The company is heavily investing in AI-powered commerce and adtech, having acquired MobileAction, a mobile app marketing and analytics platform, earlier this year.",
  "summary": "Private equity firm True North has reportedly acquired a minority stake worth around $50-60 Mn in IPO-bound adtech startup InMobi…",
  "key_points": [
    "True North acquires minority stake in InMobi for $50-60 Mn",
    "Minority stake represents 2-3% of InMobi's shares",
    "InMobi preparing for $1 Bn public issue in India"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}