Published on: November 12, 2026
InMobi has secured the naming rights for Bengaluru’s Ibbaluru Metro Station through a ₹65 crore agreement with a 30-year concession period. Under the partnership, the station will be renamed InMobi Ibbaluru Metro Station.
The agreement will see InMobi support Namma Metro over the next three decades, marking a significant brand visibility initiative for the Bengaluru-founded company.
Commenting on the partnership, InMobi said, “Bengaluru is one of the world’s leading technology hubs. InMobi was born here, and over the last 18 years, we’ve grown alongside the city, continuing to build from India for the world. This partnership is our way of giving back to the city that gave us our start,”
The deal is also expected to strengthen Bengaluru Metro Rail Corporation Limited’s (BMRCL) non-fare revenue streams. These include earnings from commercial activities such as station branding and advertising, in addition to passenger ticket collections. According to BMRCL, the partnership will contribute towards metro infrastructure development while encouraging greater corporate involvement in the city’s public transport network.
The development comes as InMobi continues to prepare for a potential public listing in India. The company had reportedly considered an IPO in 2025, targeting a valuation of approximately $10 billion. However, the proposed timeline has been pushed back, and the company has yet to submit its draft red herring prospectus (DRHP).
InMobi’s IPO plans have also coincided with changes to its ownership structure. In December 2025, the company’s co-founders reportedly repurchased around 25-30% of the business from early investor SoftBank, reducing the latter’s stake from approximately 35% to below 8%. The transaction was supported by $350 million in debt financing from Varde Partners, Elham Credit Partners and SeaTown Holdings.
The company’s shareholder restructuring continued in 2026, with private equity firm True North reportedly acquiring a 2-3% minority stake through a secondary transaction valued at approximately $50-60 million. The transaction also enabled partial exits for some early investors.
As part of its IPO preparations, InMobi has appointed JPMorgan Chase, Jefferies, Kotak Mahindra Capital and Axis Capital as merchant bankers. Earlier reports estimated the proposed public offering at around $1 billion, although valuation expectations have since varied.
Alongside its listing preparations, InMobi has continued to strengthen its advertising technology portfolio through strategic acquisitions. In May 2026, the company acquired San Francisco-based mobile app marketing and analytics platform MobileAction. The acquisition is expected to expand its capabilities across app discovery, user acquisition and advertising optimisation.
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