Google is in negotiations with InMobi to acquire this bangalore based mobile advertising startup company , if this deal goes through it would be Google Capitals first direct investment in Indian e-commerce space.
InMobi helps companies target the users of phones and mobile devices in their advertising. It was launched in 2007 and says it has more than 1 billion users across 200 countries.
Valuation of InMobi
Why Google is eyeing on Indian Mobile Startups?
240 million mobile Internet users in India
Majority of Indian Internet users access the web through their phones
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