The mobile advertising network has received another $5m from SoftBank, which invested $200m in the company in 2011.
India-based mobile advertising network InMobi has raised $5m from Japan-based telecommunications corporation SoftBank, the Economic Times has reported, citing three people familiar with the matter.
InMobi received $200m in series C funding from Softbank from 2011. SoftBank, which owns roughly one-third of InMobi, is reportedly promising another $25m if new investors come on board.
Manish Dugar, director of InMobi’s finance and legal division, told ET Soft-Bank had invested the money in August, and that the amount was “significantly higher” than…