Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Exclusive: IPO-Bound InMobi Bags INR 32 Cr From Cofounders
IPO-bound InMobi has secured ₹32 crore in funding from its co-founders via an internal round. This investment from the founders themselves indicates strong confidence in the mobile advertising technology company's future prospects ahead of its public listing. Such internal funding demonstrates the founders' commitment and willingness to inject personal capital, often seen as a positive signal by potential public investors. The capital will likely be used to bolster the company's balance sheet, fund pre-IPO expenses, and potentially support ongoing growth initiatives as it prepares for its market debut.