Jio Platforms Invests $200 Million in InMobi’s Lock Screen Content Company Glance
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India Reliance Industries Investments $ 200 million (approximately RS Monday Investment, which was carried out through the Reliance’s Jio Platforms unit, a value of around $ 1.7 billion to $ 1.8 billion (approximately RS. 12,800-13,600 crore) post-money, according to the source involved in the agreement.
Integration will allow retail reliance business to advertise products directly to Jio users through Glance, platforms that provide personal news, entertainment content, and video directly to the smartphone lock screen At a glance can be on the “hundreds of millions” this year’s Jio cellphone, founder of the inmobi group and Chief Executive Officer Naveen Tewari said in a telephone interview.
Reliance billionaire Mukesh Ambani launched the next Jio cellphone on November 4, but the sales figure had not been disclosed publicly Ambani continued to buy bets in consumer internet companies and binding the service to the Reliance Jio, because he saw to create technology giants that combine connectivity, content and trade.
“The agreement is also expected to lead to further strategic collaboration between a glance, Reliance Retail, and Jio throughout the device, trade, content, and game ecosystem,” INMOBI said in a statement Overview is available by default in 60 percent to 65 percent of new smartphones sold in India, thanks to Tie-up with Samsung, Xiaomi, Vivo, Oppo, and Realme, Tewari said.
It will use fresh funds to expand to the US and Latin American markets, and also test new ways of trading driven by direct video content The company was supported by Mithril Capital and Alphabet Peter Thiel, who invested $ 100 million (approximately RS 750 Crore) on December 2020.
India Reliance Industries Investments $ 200 million (approximately RS Monday Investment, which was carried out through the Reliance’s Jio Platforms unit, a value of around $ 1.7 billion to $ 1.8 billion (approximately RS. 12,800-13,600 crore) post-money, according to the source involved in the agreement. Integration will allow retail reliance business to advertise products directly…