The firm had plans to continue work-from-home till July, but with now Covid cases surging, it may extend the facility
According to the sources, the company is approaching merchant bankers, including Goldman Sachs, Morgan Stanley, and JPMorgan, and it expects to finalise the line-up quickly
India has become the fifth-largest mobile gaming market across the world supported by access to affordable smartphones, low network data tariffs and improving mobile internet speeds
India would be a key focus area and acquisition of TikTok will bring in more users.
The discussions, initiated by Japan's SoftBank Group Corp, are private, early and complex, the report said
Glance, which currently provides a feed of entertainment, news, sports and video game oncent on mobile phone lock screens, has already garnered over 125 million users
The company's total expenses for the fiscal were reported as Rs 508 crore.
The country's app download growth rate was four times the global average
The country has realised the potential of start-ups that have disrupted traditional businesses (or ways of doing business) and have garnered large market share, across segments
In a bold move in 2018, it reimagined mobile advertising and developed a first-of-its-kind lock-screen content platform, which has 115 mn users across Asia today
Glance, the home-grown firm's newest business, has just received major funding from an unexpected source - Google - vaulting the 18 month-old-unit to Unicorn status
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Glance delivers AI-driven personalised content in multiple languages including English, Hindi, Tamil, Telugu and Bahasa on the lock screen of Android smartphones
Since the ban on Chinese apps including TikTok in June, Roposo's user base has been rapidly growing, with daily downloads touching 6 billion in the aftermath of the ban
Glance, positioned as a subsidiary of InMobi, has so far raised one round of $45 million from Mithril Capital
However, the home-grown mobile marketing and advertising software firm will have to wait for at least six months to achieve $1 billion in revenue, said Founder and CEO Naveen Tewari
Glance, a content platform, will get access to Roposo's extensive network of professional, vernacular content creators and more than 42 mn users
Funding forms part of a larger $75 mn round, proceeds to be used to enter South East Asia, launch new products
SoftBank-backed mobile ad network derives 25% of its revenues from China; plans to set up large engineering team there
India's first Unicorn sets up group firms to help it cross the milestone