India's First Unicorn InMobi Eyes $500M+ IPO, Engages 8 Investment Banks

• InMobi, India's first unicorn startup, is preparing for a stock market listing with an IPO potentially exceeding $500 million.
• The company has contacted 8 investment banks, including Kotak Mahindra Capital, Jefferies, and JP Morgan, for advisory roles.
• InMobi aims for an IPO valuation between $4 billion and $5 billion, having achieved unicorn status in 2011.
• The firm is shifting its base from Singapore to India and plans a pre-IPO round; founders now hold a majority stake after a SoftBank buyback.
• Founded in 2007, InMobi is a global consumer technology company using AI for mobile advertising solutions, led by CEO Naveen Tewari.