Indian first unicorn startup InMobi’s losses surge to $7.7m in FY19

Indian first unicorn startup InMobi’s losses surge to $7.7m in FY19

Naveen Tewari, founder and chief executive at InMobi. (Mint)

India’s first unicorn startup InMobi which offers advertising solutions to businesses has reported a net loss of 54 crore during the financial year ended March 2019 (FY19), a 53% year-on-year (YoY) increase compared to the previous financial year, according to documents sourced from business information platform Tofler.