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Grapevine: SoftBank-backed unicorn InMobi mulls floating on Nasdaq
Photo Credit: VCCircle

SoftBank-backed unicorn InMobi is looking to go public on Nasdaq by December at a valuation of over $15 billion (Rs 1,10,111 crore), The Economic Times report said citing people familiar with the plan. 

The Bengaluru-based ad-tech startup has initiated talks with global bankers including JPMorgan Chase, Morgan Stanley and Goldman Sachs to manage the proposed IPO, sources said. 

InMobi’s board is expected to formalise the IPO plans in April, said one of the persons.  

Also, Toyota Motor, Hyundai Motor, Tata Motors, Ashok Leyland and KPIT Technologies have shown interest in India’s maiden initiative to run hydrogen-powered fuel cell-based electric cars and buses, a Mint report said citing three people. 

NTPC plans to shortly issue a tender to procure 20 such vehicles for pilot projects in New Delhi and Leh, they added. It may also run super-luxury hydrogen buses between Delhi and Jaipur. 

Bids may be invited for setting up one megawatt electrolysers in Delhi and Leh to fuel these zero-emission vehicles with green hydrogen, the people said. 

“More such pilots are expected in the coming years as the government is getting serious about reducing vehicular pollution,” said one of the persons. 

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