According to industry reports, Reliance Industries Limited (RIL) is in talks to invest between $200 million and $250 million in InMobi’s lock screen platform Glance.
Glance, already supported by Google, could grant RIL access to content on the lock screen for its upcoming smartphone JioPhone Next, which is expected to enter the market by the end of October 2021.RIL is reportedly looking to pick up a 15-20 per cent stake in the unicorn.
A sizable minority stake in Glance could reportedly help RIL focus on monetisation through the growing phenomenon of social commerce.
