Reliance's Jio Platforms unit invests $200m in InMobi's Glance

Photo: Reuters

India’s Reliance Industries is investing $200 million in Glance, a lock screen content company backed by Alphabet and owned by ad-tech firm InMobi, to bring the service to new Jio smartphones this year, the companies said on Monday.

The investment, made through Reliance’s Jio Platforms unit, values Glance at $1.7 billion to $1.8 billion post-money, according to a source involved in the deal.

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