inmobi

Glance faces an “uphill battle” for profit, we track SEA startups’ financials all in one place for you, and Razorpay moves toward India’s IPO arena.

Its marketing spend now towers over salaries and benefits, hitting nearly 80% of revenue. But with Glance AI, it can unlock more revenue opportunities.

The buyback was financed through debt, with InMobi’s founders pledging their shares as collateral.

InMobi plans to use a significant portion of the new funding to buy back shares from existing investors.

Part of the loan proceeds will fund the buyback of shares from SoftBank Group Corp. and other equity holders.

The Google-backed startup has rolled out the genAI-led tech to flip the commerce experience on its head. A lot is riding on the launch.

Glance has raised US$390 million and is valued at US$1.7 billion.

The world’s biggest tech investor is likely to sit tight and wait for valuation corrections in the second half of the year.

On Glance TV, users can interact with show presenters in real time and shape the direction of the content via comments, reactions, and polls.

Also, Glance acquires gaming firm Gambit to launch NFT-based live gaming on lock screens.