“The opportunity in India from a global investor lens is significantly more now,” said Tewari, 47. “And then you have retail investors who are clearly leveraging the capital markets, especially to participate in technology stocks.”
Mobile-advertising firm InMobi Pte is planning to go public in India in the second half of next year, seeking to capitalize on a booming stock market in the world’s fifth-largest economy.
SoftBank Group Corp.-backed InMobi, whose service lets companies place ads on mobile devices, will shift its corporate base to India from Singapore in early 2025 so that it can begin an initial public offering, Chief Executive Officer Naveen Tewari said in an interview. The move marks a homecoming for InMobi, which Tewari founded in Mumbai but incorporated in Singapore in 2007 to broaden its investor base.
