Ad-tech startup InMobi raises $100-M from Mars Growth Capital

Bangalore, India- and Singapore-based Unicorn startup InMobi , which offers mobile advertising network software, has raised USD 100 million debt from Mars Growth Capital, a joint venture between Japan’s MUFG (Mitsubishi UFJ Financial Group) and Liquidity Group.The new funds will be used to fuel the firm’s AI initiatives and make acquisitions focused on artificial intelligence.InMobi was founded in 2007 by Naveen Tewari, Mohit Saxena, Amit Gupta, and Abhay Singhal.