InMobi 2nd Indian billion-dollar startup to turn profitable
Mobile advertising startup InMobi said it turned profitable in the year 2016, making it the second Indian billion-dollar startup to achieve the feat after Mu Sigma. InMobi says it has been profitable every month since June 2016 and its net profit was â¹42-65 crore in the October-December quarter. "We are no longer dependent on anyone," said InMobi CEO Naveen Tewari.