Glance (company) explained

Glance
Type:Private
Area Served:Worldwide
Key People:Naveen Tewari
(CEO)
Industry:
Num Employees:1000
Location City:Bangalore, Karnataka, India
Products:Roposo
Parent:InMobi

Glance is an Indian artificial intelligence-based software company. The company was co-founded in 2019[1] by Naveen Tewari, Abhay Singhal, Mohit Saxena, and Piyush Shah[2] with their headquarters being in Bangalore.[3] Glance is owned by InMobi, a multinational technology company.[4] [5]

History

In September 2019, Glance raised 45 million dollars in funding from the United States-based venture capital firm Mithril Capital.[6] In November 2020, Glance raised $145 million from Google and Mithril Capital,[7] increasing its valuation to over $1.2 billion.[8] It is the second company from the InMobi group to have become a unicorn, or a startup valued at more than $1 billion.[9]

In June 2022, Glance launched a three-day digital event called Glance LIVE Fest, with Bollywood actor Rajkummar Rao starring in their marketing campaign to promote it.[10]

Acquisitions

Glance acquired Roposo, a short-form video platform, in November 2019. They purchased Roposo for an undisclosed amount to add vernacular video content to its platform.[11] [12] [13] In June 2021, it acquired Shop101, a social e-commerce platform, for an undisclosed amount to integrate celebrity and influencer-led commerce on Glance and Roposo.[14] In March 2022, it acquired Gambit, an Indian gaming company, for an undisclosed amount to accelerate Glance’s goal of building the biggest platform for NFT-based live gaming experiences for Gen-Z across markets. [15]

Notes and References

  1. Web site: Naveen Tewari: The wizard of two unicorns. 2021-06-22. www.fortuneindia.com. en.
  2. Web site: The year of the unicorns. 2021-06-22. www.fortuneindia.com. en.
  3. Web site: staff. CNBC com. 2019-05-15. InMobi 2019 Disruptor 50. 2021-06-22. www.cnbc.com.
  4. https://theprint.in/india/after-inmobi-naveen-tewari-scores-a-second-unicorn-with-glance-the-lock-screen-wizard/571592/ After InMobi, Naveen Tewari scores a second unicorn with Glance – the lock screen wizard
  5. Web site: Vankipuram. Meera. 2019-11-25. InMobi's Glance acquires video platform Roposo to add more vernacular content. 2021-06-22. mint. en.
  6. News: Mandavia. Megha. InMobi's Glance raises $45M funding from Mithril Capital. The Economic Times. 2021-06-25.
  7. Web site: InMobi's Glance enters unicorn club after Google-led funding round. 2021-06-25. m.businesstoday.in.
  8. News: Abrar. Peerzada. 2020-12-22. InMobi's Glance turns unicorn with $145 mn investment from Google, Mithril. Business Standard India. 2021-06-25.
  9. Web site: Sujit John. Dec 22, 2020. Google invests in Glance, second unicorn for Naveen Tewari - Times of India. 2021-06-25. The Times of India. en.
  10. Web site: Focus . ABP Live . 2022-06-02 . Glance LIVE Fest From June 3-5: How Fans Got Rajkummar Rao To Be Part Of It . 2022-06-10 . news.abplive.com . en.
  11. Web site: Vankipuram. Meera. 2019-11-25. InMobi's Glance acquires video platform Roposo to add more vernacular content. 2021-06-28. mint. en.
  12. Web site: 2019-11-25. InMobi Group Strengthens Content Play With Roposo Acquisition. 2021-06-28. Inc42 Media. en-US.
  13. Web site: PTI. Nov 25, 2019. InMobi's Glance acquires Roposo - Times of India. 2021-06-28. The Times of India. en.
  14. News: Ahmad. Samreen. 2021-06-14. InMobi's Glance enters influencer-led shopping with Shop101 acquisition. Business Standard India. 2021-06-28.
  15. Web site: Glance . 2022-09-19 . glance.com.

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