Inmobi Group, a mobile advertising platform supported by Softbank Group Corp., is looking for a $ 350 million private loan prior to the planned first public offer in India, according to people who are familiar with the business.
Part of the proceeds of the loan will finance the repurchase of the shares of Softbank and other stock holders in the company, said the people who asked not to be identified about discussing private matters. The rest of the proceeds is for capital expansion prior to the IPO from Inmobi, including strategic acquisitions, the people added.
The conversations for the private loan are underway and the plans can still change, the people said. A representative for Inmobi refused to comment.
The demand for private debts in India has risen in recent years, partly powered by the infrastructure of Prime Minister Narendra Modi and as new companies want to expand their activities. The private credit market of the country registered $ 9 billion in deal volume in the first half of 2025, an increase of 53 percent compared to the same period last year, according to an EY report.
India is also the home base of the third largest startup ecosystem in the world and, according to Startup India, records a consistent growth of at least 12 percent annually. The founder of the Indian workspace -Startup table space, for example, collected around £ 200 crore ($ 22.7 million) from private credit in June to finance the purchase of an interest in the company prior to the planned IPO.
Founded in 2007 in Mumbai and with headquarters in Singapore, Inmobi reached a unicorn status in 2011 after investment by Softbank, according to its website. The other investors of the company include smaller Perkins and Sherpalo Ventures.
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Published on September 3, 2025
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