Latest news with #InMobi
The Verge
a day ago
- Business
- The Verge
Samsung phones are getting a weird AI shopping platform nobody asked for
Glance AI, a brand owned by mobile advertising company InMobi, has announced a partnership with the Samsung Galaxy Store to roll out its e-commerce platform to Galaxy phones in the US. The company's app centers around what it calls 'a Generative AI shopping platform,' which is a serious contender for the most cursed phrase I've read today. The 'experience' comprises both a standalone app and a lock screen component to try and sell you clothes. Crucially, the whole thing is 'fully opt-in,' which, thank Christ. But even if you opt out — which you absolutely should! — this feels like a sign of things to come as advertisers try to leverage AI to sell us more stuff. Buckle up. You may remember InMobi as the company ruining Motorola's otherwise decent budget phones with a bunch of e-commerce nonsense. The version of this that Galaxy owners might see centers on a feature that uses gen AI and a photo of you to create images of you wearing different outfits, with new 'looks' available every day. Unsurprisingly, you can buy the clothes with a tap. This can all happen on your lock screen, and for some reason you can save these AI generated creations as lock screen wallpapers. I will not be doing this. Glance AI's lock screen features appear to vary by region; in India, where InMobi was founded, Glance lock screens show ads in addition to things like news updates and sports scores. The implementation on Samsung phones doesn't seem to include ads, mercifully, at least for now. I don't know about you but I will absolutely throw my phone into the sea the first time I see an ad on my lock screen, so I hope this never comes to pass. Glance AI is rolling out to Samsung Galaxy S22, S23, S24, and S25-series phones starting today, and should reach 'a full 100% scale' in the next 30 days. Presumably it'll arrive as an optional download in the Galaxy Store when that happens, though I wouldn't be surprised if it comes with a push notification encouraging users to go download it.
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Business Standard
2 days ago
- Business
- Business Standard
With an eye on IPO, 5 startups in process of reverse-flipping: Bay Capital
A growing trend is emerging in the Indian startup ecosystem, with several companies planning to reverse-flip and list on stock exchanges. According to a recent report by Bay Capital, around five startups, including InMobi, KreditBee, and Meesho, are in the process of shifting their base from jurisdictions such as Singapore and the US to India, with the goal of going public. This strategic move is seen as a structural signal of the Indian market's depth and credibility, bolstered by reforms from the Securities and Exchange Board of India (Sebi). These reforms have enabled the listing of loss-making firms, making it an attractive option for startups, according to Bay Capital. RazorPay recently completed its migration to India from the US, while PineLabs and Udaan are in the process of reverse-flipping from Singapore. Earlier this year, Zepto and Flipkart also flipped back to India from Singapore. Stock broking platform Groww, which migrated last year, has filed its draft red herring prospectus with Sebi through the confidential route. This growth has been supported by the increasing availability of "patient capital" from family offices, sovereign wealth funds, and mutual funds, which align with the long-term goals of these startups. The report also notes significant growth in India's deep tech sector, with substantial funding and deal activity between 2020 and 2024. This growth has been driven by advancements in artificial intelligence, space technology, and enterprise software. In 2020, around $300 million was raised through 100 deals in the deep tech space. By 2024, this figure surged to $1.6 billion through 310 deals, with AI-driven platforms dominating the funding rounds.
CNBC
6 days ago
- Business
- CNBC
InMobi's Glance AI is changing how you shop, says CEO
InMobi Founder & CEO Naveen Tewari explains how the company's new Glance AI platform is revolutionizing online shopping through generative AI. He discusses its global rollout, user engagement, and the potential for long-term monetization, while also touching on India's tech talent landscape and the company's IPO ambitions.
India Gazette
7 days ago
- Business
- India Gazette
Glance AI wins 'AI Innovation of the Year' at EEPC Awards 2025 in New Delhi
New Delhi [India] May 30 (ANI): In a landmark moment for India's artificial intelligence and technology ecosystem, Glance AI has been awarded the 'AI Innovation of the Year' at the EEPC (Engineering Export Promotion Council) Awards 2025, an initiative of the Ministry of Commerce and Industry, Government of India, said a release. According to the release, the prestigious award was jointly presented by the Chief Minister of Delhi, Rekha Gupta and the German Ambassador to India H.E. Dr. Philipp Ackermann at a ceremony attended by top government officials, industry leaders, and international delegates. Receiving the award on behalf of InMobi, Dr. Subi Chaturvedi, Chief Corporate Affairs and Public Policy Officer at InMobi, the parent company of Glance, said, 'Glance AI is not just a technology innovation; it's a commitment to inclusive, accessible, and responsible commerce. This recognition is a testament to India's potential to lead in global AI innovation--a proud moment for everyone building for Bharat and the world.' 'Glance AI has finally not just entered the AI race, but put India firmly at the top with credible and scalable future commerce use cases. Glance AI generates inspirational looks for users on lock screens across millions of devices, with a tap-to-buy feature, combining AI, creativity, and commerce into one seamless experience. Our work at InMobi and Glance is inspired by Naveen Tewari's vision of making technology meaningful, secure, trustworthy, delightful and empowering for every user proudly from India for the world.', she added. As per the release, recognised for revolutionising the way consumers interact with content and commerce on smart devices, Glance AI is redefining the future of commerce by integrating advanced generative AI into everyday user experiences. It is an AI-Native commerce platform built on deep commerce intelligence and hyper-real visual shopping. The platform is powered by proprietary AI architecture fusing predictive intelligence, neural visualisation and real-time orchestration. From personalised product discovery to instant contextual commerce, the platform represents a significant leap in AI-driven user engagement and monetisation. Glance AI goes far beyond traditional app-based experiences. Designed on an open architecture, it features deep integration with device manufacturers, telecom providers, and brands, transforming phones into AI-powered devices, TVs into commerce-enabled hubs, and brand storefronts into intelligent, generative AI-driven shopping experiences. Early trial results demonstrate strong traction for Glance AI's inspiration-led shopping model. Within just a few weeks, the platform attracted over 2.04 million active users even in the beta stage. Engagement levels are exceptionally high: users have submitted more than 40 million personalised style requests, with half downloading or sharing their results. Additionally, 40% of users tap through to begin their shopping journeys, setting new standards for engagement, retention, and shareability in the AI commerce space. According to the release, Glance is a consumer technology company, creating an industry-defining AI commerce platform to help consumers and businesses reimagine shopping using generative AI. Built on a proprietary AI architecture fusing predictive intelligence, neural visualization and real-time orchestration across devices from mobile, TV to apps, Glance AI is leading disruption in commerce. Glance is backed by Google, Jio Platforms, and Mithril Capital, and is an unconsolidated subsidiary of InMobi. (ANI)
Economic Times
27-05-2025
- Business
- Economic Times
Why are late-stage startups relying on private credit before their IPOs?
Mumbai: Several late-stage startups are increasingly raising interim private credit ahead of their initial public offerings (IPO) to buy out early investors to present cleaner capital structures to the public and boost mainboard valuations on listing. InMobi Technologies, Zepto, and Zetwerk are already in the market for such credit. ADVERTISEMENT InMobi is in talks with private credit funds to raise $500 million in two tranches of $250 million each before its proposed listing on the exchanges. The advertising technology company, which is backed by SoftBank among other funds, will use the proceeds to buyout some of the existing investors. Typically, costing 14-18% annually, these private credit funds will be repaid from the IPO proceeds. Zetwerk Manufacturing, which is backed by Peak XV Partners and Lightspeed India Partners, have approached private credit funds to raise around ₹1,000 crore before the Zepto is in talks with Edelweiss Alternatives to raise ₹1,500 crore, as reported by ET on April 28. "We are increasingly seeing this trend of IPO-bound companies accessing the private credit market as a bridge financing opportunity," said the head of a domestic credit fund. "Such companies are looking for flexible and structured capital solutions that such a fund provides. Moreover, first generation entrepreneurs who have raised VC/PE capital are looking at increasing their stake prior to the IPO process through private credit. The exit for the credit fund is also well planned-through an OFS or a primary raise at the time of the IPO." ADVERTISEMENT Private credit funds are also actively participating in this opportunity given downside risk protection and the potential for an equity upside. This marks the coming of age of the private credit space in would use the borrowings to buy back shares from existing private equity investors and finance an acquisition ahead of its IPO, sources said. ADVERTISEMENT An InMobi spokesperson did not comment on the deal. Promoters will use an SPV to purchase stakes from investors such as SoftBank. The debt is expected to be raised through loans or private US dollar bonds at 14-18% interest, secured against the founders' Bengaluru-based Zetwerk Manufacturing Businesses, another IPO candidate, is also in the market for ₹800-₹1,000 crore in debt and is in discussions with Avendus to fund the exit of a private equity investor. ADVERTISEMENT Founders Amrit Acharya and Srinath Ramakkrushnan are offering their personal stakes as collateral for the structured credit deal, which is expected to carry a three-year plans to file draft papers in the next six months and raise $400-$500 million through the offering. ADVERTISEMENT Quick-commerce player Zepto's founders are also in talks to raise structured debt of around ₹1,500 crore to buy back shares from foreign investors ahead of its IPO. Founders Aadit Palicha and Kaivalya Vohra are in talks with Edelweiss Alternative Asset, family offices, and smaller credit funds. As reported by ET, Edelweiss has submitted a binding bid where the debt is expected to be priced at 16% and the deal is likely to close by July. "With equity markets favourable but listing timelines still 12-24 months away, startups are leaning on private credit to manage growth, stake consolidation, or investor exits," said a head of ECM head of a foreign bank. "Lenders are structuring these deals with convertible instruments, high-yield coupons, and public market-linked exits, betting on strong IPO pipelines." (You can now subscribe to our ETMarkets WhatsApp channel)
