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InMobi, Zetwerk founders eye debt
Hindustan Times Amritsar
|May 02, 2025
Founders of InMobi and Zetwerk are separately raising debt in their personal capacities to increase stakes in their respective companies, multiple people with knowledge of the development said.
MUMBAI:
InMobi founders led by Naveen Tewari are raising debt potentially to partially buy out early investors, the people cited above said on the condition of anonymity. This will also hike the founder group's stake in the company.
Multiple investment banks are arranging the deal for InMobi, the people cited above said.
InMobi did not respond to a request for a comment. In an interview with Mint last September, Tewari had said that the company intends to list both InMobi and Glance. InMobi is also in the process of shifting its domicile back to India.
This story is from the May 02, 2025 edition of Hindustan Times Amritsar.
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