India’s technical advancement has been among the world’s quickest, with a few significant instances defining this incredible growth story. It takes a lot for a private company, especially a native start-up, to be recognised as one of the catalysts that helped the country become one of the most technologically advanced in the world. With multiple firsts to its credit, InMobi Group, India’s first “unicorn,” has done just that.
InMobi has been acknowledged by the Government of India as a contribution to India’s history of invention over the past 75 years, and is now one of the world’s largest players in digital advertising and consumer technology.
On April 29, the NITI Aayog’s Atal Innovation Mission held a ‘Azadi Ka Amrit Mahotsav’ in New Delhi to commemorate India’s 75th anniversary of independence. An installation highlighting 75 technological milestones in the country’s innovative history since independence was produced as part of this. One of these important milestones was InMobi becoming India’s first unicorn (reaching a $1 billion valuation) in 2011. This was the first and only award given to a tech start-up.
The launch of the Aryabhata Satellite and Chandrayaan, LPG Reforms (Liberalisation, Privatisation, and Globalisation), the founding of the first IIT and IIM, the establishment of the DRDO and ISRO, the opening of Doordarshan, and the development of TCS were among the other historic events highlighted.
“As an entrepreneur and an Indian, I am ecstatic to see that we have developed a company that has sealed its place in the nation’s innovation history.” It is a great honour for InMobi to be recognised among such historic occurrences. “On behalf of the InMobi Group founders, I’d like to thank the Government of India, as well as all of our employees around the world, for making this distinction possible,” stated Naveen Tewari, Founder & CEO of InMobi Group.
Since its beginning, InMobi has been one of the most constantly disruptive firms in the world, altering the way users interact with the internet. The company is one of the few Indian-origin tech start-ups to successfully conquer worldwide markets in the Americas, Asia, and the Middle East and North Africa. It has developed some of the most ground-breaking digital advertising technologies as well as enormous consumer platforms.
Glance, one of the world’s most popular lock screen multimedia platforms, and Roposo, a destination for creator-led live commerce, are among them. InMobi accesses over 400 million devices around the world through its different consumer platforms, with the goal of reaching a billion devices in the next two years.
“In consumer technology, there is a trend toward Easternization, and we believe that India will be the birthplace of the next major platforms.” We intend to lead this drive with InMobi’s DNA of innovation,” Tewari remarked.
SoftBank, Google, Mithril Capital, and, most recently, Jio Platforms are among the investors in InMobi and its subsidiary Glance.
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