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True North buys 2–3% stake in IPO-bound InMobi

True North reportedly acquired a 2-3% minority stake in IPO-bound InMobi for $50-60 Mn through secondary purchases and a small primary component. InMobi, which operates social-commerce platform Roposo, is redomiciling to India ahead of a planned public issue.

True North reportedly buys a 2-3% stake in InMobi for $50-60 Mn
True North reported investment in InMobi
$50-60 Mn
True North reported stake in InMobi
2-3%

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Reported figures

From the report. Source details below

  • $774 Mn
  • $3.7 Mn
  • 25-30%
  • $1 Bn

The source

Source Read the source at Inc42 Published

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