Private equity firm True North has reportedly acquired a minority stake in adtech startup InMobi in a transaction valued at about $50 million to $60 million, according to people familiar with the matter. The investment comes as InMobi prepares for a potential public listing, underscoring renewed investor interest in profitable, scaled Indian technology companies with global reach.
🇮🇳 India Edition • Startups & Venture CapitalRDU GLOBAL CORRESPONDENT
VERIFIED WIRE INTELLIGENCE
"True North Takes Minority Stake in IPO-Bound InMobi in $50–60 Million Deal"
Private equity firm True North has reportedly acquired a minority stake in adtech startup InMobi in a transaction valued at about $50 million to $60 million, according to people familiar with the matter. The investment comes as InMobi prepares for a potential public listing, underscoring renewed investor interest in profitable, scaled Indian technology companies with global reach.
True North Takes Minority Stake in IPO-Bound InMobi in $50–60 Million Deal
R
RDU Global Wire
Startups & Venture Capital Desk
New Delhi, India Just now (12:06 AM IST)•6 min read
Private equity firm True North has reportedly acquired a minority stake in adtech startup InMobi in a transaction valued at about $50 million to $60 million, according to people familiar with the matter. The investment comes as InMobi prepares for a potential public listing, underscoring renewed investor interest in profitable, scaled Indian technology companies with global reach.
Editorial & Verification Notice
Reported by RDU Global Correspondent. Formatted and verified using real-time institutional and journalistic wire feeds. Independent reporting adhering to the RDU Global Editorial Code of Conduct.
Related Coverage
Startups & Venture Capital
18 Oct 2026, 05:00 PM ISTMagicbricks appoints Mayank Jain as CEO to drive transformation and growth
Magicbricks has appointed Mayank Jain as its chief executive officer, placing him at the helm of one of India’s most prominent digital real estate platforms. His mandate is expected to focus on business transformation, stronger operational and financial performance, and reinforcing the company’s position in a rapidly evolving housing market.
Startups & Venture Capital
18 Oct 2026, 02:00 PM ISTIndia’s Listed New-Age Tech Firms Enter a New Phase as Market Caps, Revenue and Profitability Diverge
India’s listed new-age technology companies have moved from a narrative of hypergrowth to one of hard financial scrutiny, with market capitalisation, revenue expansion and profitability now pulling in different directions. The latest tracker underscores how public markets are rewarding execution, discipline and scale rather than growth alone, even as the sector remains one of the most closely watched in Indian capital markets.
Startups & Venture Capital
18 Oct 2026, 02:00 PM ISTFY26 Tracker Shows Indian Startups Enter a More Disciplined Public-Market Era
India’s startup ecosystem moved further into a maturity phase in FY26, with 22 new-age technology companies debuting on public markets as investors increasingly rewarded clearer earnings visibility and stronger governance. The shift marks a decisive change from the capital-intensive growth model that defined the previous cycle, even as private funding remains selective and valuation discipline tightens.