InMobi firm Glance gets $45 mn from Peter Thiel's Mithril in series A round

Funding forms part of a larger $75 mn round, proceeds to be used to enter South East Asia, launch new products

Glance, a business-to-consumer focused content platform owned by InMobi group, has raised $45 million in series A funding round from celebrated tech investor Peter Thiel’s Mithril Capital. Part of a larger round of about $75 million, the Bengaluru-based start-up looks to use the proceeds to expand into global markets, especially South East Asia. It also aims to create consumer-facing products in areas like short-form video, gaming and local search, Naveen Tewari, founder & CEO of InMobi Group told Business Standard.

Thiel, the co-founder of PayPal, is known for his acumen in identifying and investing in disruptive technology companies quite early,