Private Equity Fund Investments

Reliance Ind in talks to buy stake for $300-M in Glance InMobi: report

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Reliance Industries Ltd is in talks to buy a stake for USD 300 million in mobile content provider Glance InMobi Pte, backed by Google. Glance InMobi was founded in 2019 and has about 130 million daily active users. Its Roposo app offers short videos in a dozen Indian languages. The company, whose backers also include Peter Thiel's Mithril Capital, acquired e-commerce startup Shop101 in June. Glance InMobi pushes curated news and entertainment content onto phone lock screens and also runs a short-video app.

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