InMobi, which bills itself as the world's largest independent mobile ad network, has raised a whopping $200 million in funding from Softbank. The investment will come in two tranches: half this month, the other half in April 2012.
Softbank joins existing backers Kleiner Perkins Caufield & Byers and Sherpalo Ventures as investors in the company, which recently acquired HTML5 ad builder Sprout.
Naveen Tewari, founder and CEO
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The size of the investment and quality of investor validate
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InMobi says its mobile ad network currently reaches 340 million consumers, in over 165
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The company has raised $15.6 million before closing the $200m investment round earlier this week.
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