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
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.”