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InMobi Becomes Second Indian Billion Dollar Startup To Turn Profitable

Image courtesy: Google
Image courtesy: Google

Mobile advertising startup, InMobi recently announced that it turned operationally profitable in 2016, becoming the second Indian billion-dollar startup to achieve it after Mu Sigma.

InMobi was, in 2011, the first Indian private tech startup to be valued at over $1 billion.

InMobi, in a statement, said that it expects to continue being profitable this year after recording a net profit for the final quarter of 2016.

The company has been able to generate cash every quarter since the April-June period of last year, it said.

While the largest revenue-generating market for the Singapore-headquartered Mobile Advertising Startup remains the United States, China is now its second-largest market, representing about 28% of overall revenue.v

InMobi
Naveen Tewari, CEO and Co-founder of InMobi. (Image courtesy: Google)

Globally, the company competes with Facebook and Google for mobile internet ad spending, a market expected to reach $335 billion by 2020.

Naveen Tewari, CEO and co-founder said, “We took some courageous decisions to drop non-core areas and focus on existing bets which have held us in good stead.”

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