Glance (company)

Indian multinational technology company headquartered in Bangalore

Glance

Company type| Private
Industry|

* Artificial intelligence
* Internet
* Social network service

Founded| 2019; 6 years ago (2019)
Headquarters|

Bangalore, Karnataka, India

Area served

| Worldwide

Key people

| Naveen Tewari
(CEO)
Products| Roposo

Number of employees

| 1000 [citation needed]
Parent| InMobi
Website| www.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

[edit]

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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.

## External links

[edit]

* Official website

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