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Glance (company)

From Wikipedia - Reading time: 6 min

Glance
Company typePrivate
Industry
Founded2019; 5 years ago (2019)
Headquarters
Bangalore, Karnataka, India
Area served
Worldwide
Key people
Naveen Tewari
(CEO)
ProductsRoposo
Number of employees
1000 [citation needed]
ParentInMobi
Websitewww.glance.com

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

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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

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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]

References

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