STARTUP LEGAL25 Sept 2026
True North picks up $50-60 mn stake in IPO-bound InMobi | Company Business News
True North has bought a $50-60 million stake in InMobi, the Bengaluru adtech firm preparing a $500 million initial public offering (IPO) in India. Most of the deal was a secondary share sale, with early investors and employees selling. True North picked up about 2-3%. InMobi's FY25 operating income was ₹470.91 crore, and its loss narrowed to ₹6.92 crore. Watch how this listing shapes up.
Key Statutory Highlights
- True North acquired stakes worth $50-60 million in InMobi from early investors who came in through acquisitions, employee stock options and founder-owned entities.
- True North picked up a 2-3% stake, and the bulk of the round was a secondary share sale, with likely only a small primary component.
- InMobi's operating income rose to ₹470.91 crore in FY25 from ₹462.07 crore, while its loss narrowed to ₹6.92 crore from ₹12.16 crore.
Actionable Advice for Taxpayers / Founders:If you hold shares or employee stock options in a company heading for an IPO, check with your CA on how a secondary sale may be taxed in your hands before you sell.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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