Glance Revenue, Valuation, Funding & Investors

Glance is valued at $1.7B as of February 2022, a 50.0x multiple on its last reported $34M revenue.

Last Glance valuation

$1.7B

Series D · Feb 2022

Last Glance funding round

$200M

Series D · Feb 2022

Glance revenue

$34M

Series D · Feb 2022

Key investors in Glance

Glance Overview

About Glance

Glance is a Bangalore-headquartered lock screen content platform delivering personalized news, videos, and shopping via AI on smartphones from Samsung and Xiaomi. Pre-installed on devices in India and Southeast Asia, it aggregates content in Hindi, Tamil, and other languages. Part of InMobi Group, Glance operates Roposo short-video service for entertainment and live commerce.


Founded

2019

HQ

IndiaBangalore

Website

glance.com

Status

Privately held

Customer focus

B2C

Revenue model

Advertising

Revenue

$34M (Feb 2022)

Valuation

$1.7B (Feb 2022)

Glance Valuation

Glance is currently valued at $1.7B, based on its Series D in February 2022.

The $200M round was led by Reliance Jio.

Glance's valuation has grown 1.7x from $1B at its Series C in December 2020 to $1.7B in February 2022, across 2 priced rounds.

Glance valuation by funding round

Revenue multiple
Glance valuation by funding round
DateStageValuationRevenue Multiple
Feb 2022Series D$1.7B50.0x
Dec 2020Series C$1B13.7x

Glance Revenue

Glance's latest recorded revenue is $34M, as of its Series D in February 2022. At a $1.7B valuation, that implies a 50.0x revenue multiple.

Revenue moved from $73M in December 2020 to $34M in February 2022, while the revenue multiple moved from 13.7x to 50.0x.

Glance revenue by funding round

Glance revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Feb 2022$34M$1.7B50.0xSeries D
Dec 2020$73M$1B13.7xSeries C

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Glance Funding History

Glance has raised a total of $390M across 3 funding rounds.

Glance's first fundraising round was a $45M undisclosed-stage round in September 2019. The most recent completed round was a $200M Series D in February 2022.

Glance funding rounds

Glance funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Feb 2022Series DReliance Jio (lead)$200M$1.7BGlance is an AI-powered lock-screen platform developed by the InMobi Group that delivers media content, news, casual games, and e-commerce directly to Android device lock screens. The platform had partnerships with major smartphone manufacturers including Xiaomi, Samsung, Vivo, Realme, and Oppo, and was operating across over 400 million devices in Asia with a user base of 190 million at the time of this funding round. The company's live commerce platform had reached 30 million active users. In February 2022, Reliance Jio Platforms invested $200 million in Glance's Series D funding round, valuing the company at approximately $1.7 billion post-money. This represented significant growth from its December 2021 valuation of over $1 billion when it had raised $145 million led by Google. The investment from Reliance Industries was part of a broader strategic partnership that included integration of Glance's lock-screen platform into JioPhone Next smartphones through Reliance Retail, leveraging Reliance's access to over 420 million telecom subscribers in South Asia. The fresh capital was designated to accelerate Glance's international expansion into key markets including the USA, Brazil, Mexico, and Russia, while also broadening its catalog of live content and commerce offerings.
Dec 2020Series CAlphabet (lead); Mithril Capital Management$145M$1BGlance Digital Experience, a subsidiary of InMobi Group, is the world's leading lock screen platform providing AI-powered personalized content on Android smartphone lock screens in languages including English, Hindi, Tamil, Telugu, and Bahasa Indonesia. It claims about 115 million daily active users and owns the fast-growing short-video social media platform Roposo, which has over 33 million monthly active users and more than 100 million downloads, especially surging after the TikTok ban. Spun off from InMobi in early 2019, Glance previously raised $45 million from Mithril Capital in September 2019, bringing total funding to $190 million including this round. On December 22, 2020, Glance raised $145 million from Google (lead investor) and existing backer Mithril Capital at a post-money valuation over $1 billion, entering unicorn status. Investors highlighted Glance's innovation in mobile-first content delivery for India's next billion users, addressing language barriers in digital access. Proceeds will deepen AI capabilities across Glance and Roposo, expand the technology team, launch new services to evolve toward a super app, strengthen the brand, and drive global expansion. Naveen Tewari, CEO of Glance and InMobi Group, emphasized partnering with Google to make the digital economy accessible. Caesar Sengupta of Google praised its role in inclusive digital growth, while Mithril's Ajay Royan noted its global vision in breaking technical and linguistic barriers.
Sep 2019Undisclosed stageMithril Capital Management (lead)$45M-Glance is a lock screen content delivery platform founded in 2019 and part of the InMobi Group. The company uses AI-driven technology to deliver trending content across entertainment, sports, fashion, news, and other categories directly to smartphone lock screens, requiring zero user navigation. By September 2019, Glance had grown to 50 million daily active users and positioned itself as India's third-largest content platform. In September 2019, Glance closed a $45 million funding round led by Mithril Capital Management, a growth-stage venture firm co-founded by Peter Thiel and Ajay Royan. The announced funding was part of a larger financing round that enabled the company to launch multiple new platforms including Glance TV (mobile-first short-form video), Glance Gaming, Glance Shopping (content meets commerce), and Glance Nearby (hyperlocal experiential platform), while also expanding into Southeast Asia. The company leveraged strategic partnerships with major Android smartphone brands to deliver native user experiences and reached unicorn status in 2020 with subsequent funding rounds.

Who has invested in Glance?

3 investors have backed Glance across its funding rounds, including Mithril Capital Management, Alphabet and Reliance Jio.

Lead investors include Reliance Jio, Alphabet and Mithril Capital Management.


Glance Investors

Investors in Glance by funding rounds participated
InvestorHQRoundsRoleFirst check
Mithril Capital ManagementUnited StatesSan Francisco, CA2LeadSep 2019

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Glance

Glance has acquired 2 companies to date.

Last acquisition by Glance was on March 24th 2022. Glance acquired NostraGamus for undisclosed valuation.


Latest Acquisitions by Glance

NostraGamus
Shop101
Description
NostraGamus is a real-money skill-gaming app developed by Gambit Sports that offers multi-game tournaments in cricket, football, and cards. Available on Android in India, it hosts daily contests with entry fees starting at 1 INR and prize pools up to 10 lakhs.
-
HQ CountryIndiaIndia
HQ City
Bangalore
Mumbai
Deal Date24 Mar 20224 Jun 2021
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Glance Competitors

Glance competitors include listed companies like Saregama India and Viaplay, and private ones like NewsBreak, mobli, OneFootball and Patreon.

Public and private companies comparable to Glance
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
NewsBreakUnited StatesSan Francisco, CAPrivate--$1.1B-
mobliIsraelTel AvivPrivate--$1B-
OneFootballGermanyBerlinPrivate--$1B-
PatreonUnited StatesSan Francisco, CAPrivate$80M-$4B50.0x
Saregama IndiaIndiaIndiaPublicly listed$100M$36M$979M8.6x
ViaplaySwedenSwedenPublicly listed$1.8B($40M)$631M0.6x

Glance Public Comps

Glance is still privately-owned, but its public comps include MBC Group, Skyworth Digital, Opera, Ireader, Wondershare, Meitu, NetEase Cloud Music, FuboTV, iQIYI and MNC Digital Entertainment.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
MBC Group$1.4B$136M1.0x1.0x10.3x17.4x
Skyworth Digital$1.3B$37M1.4x-47.5x-
Opera$615M$141M2.4x2.1x10.5x9.2x
Ireader$484M($16M)2.7x3.5x(81.1x)-
Wondershare$229M($6M)6.3x6.4x(231.3x)(175.1x)
Meitu$575M$137M3.0x2.6x12.5x9.6x
NetEase Cloud Music$1.2B$244M0.2x0.2x1.2x1.2x
FuboTV$1.6B($122M)1.9x0.5x(25.2x)23.6x

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Common questions about Glance

When was Glance founded?Glance was founded in 2019.
Where is Glance headquartered?Glance is headquartered in Bangalore, India.
Is Glance publicly listed?No, Glance is a private, VC-backed company.
What is Glance's valuation?Glance was last valued at $1.7B in its Series D in February 2022.
How much funding has Glance raised?Glance has raised $390M across 3 funding rounds.
What was Glance's last funding round?Glance's last funding round was a $200M Series D in February 2022, led by Reliance Jio.
Who are Glance's investors?Glance's investors include Mithril Capital Management, Reliance Jio and Alphabet.
What is Glance's revenue?Glance's latest recorded revenue is $34M (February 2022).
What is Glance's revenue multiple?Glance's latest valuation implies a 50.0x revenue multiple ($1.7B valuation on $34M of revenue).
Which companies are comparable to Glance?Companies comparable to Glance include NewsBreak, mobli, OneFootball, Patreon, Saregama India and Viaplay.
How many companies has Glance acquired?Glance has acquired 2 companies, including NostraGamus and Shop101.

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