Tech Crunch Features Mars Growth Capital, a joint venture between Liquidity Group and MUFG, $100 mm debt financing deal with InMobi

Mars Growth Capital, a joint venture between MUFG and Liquidity Group, has provided $100 million in debt financing to Indian adtech startup InMobi, according to Tech Crunch.

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Mars Growth Capital, a joint venture between MUFG and Liquidity Group, has provided $100 million in debt financing to Indian adtech startup InMobi, according to Tech Crunch. This funding represents one of the largest transactions for Mars Growth and highlights its growing presence in India, where it has recently invested in other notable startups such as Zepto and Infra.Market. The investment will support InMobi’s efforts to expand its AI initiatives and explore potential AI acquisitions in preparation for its upcoming IPO.

Mars Growth’s involvement reflects its commitment to strengthening the Asian tech ecosystem. According to Ron Daniel, co-founder and CEO of Liquidity Group and CEO of Mars Growth, the joint venture is focused on fostering growth in the region’s technology landscape.

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Deal focus: Mars Global plans to fill Asia’s growth-stage funding gap with debt

The Mitsubishi UFJ Financial Group-backed firm leverages artificial intelligence to make speedy credit decisions on mature start-ups that need working capital. India’s Infra.Market is the latest addition to the portfolio More than USD 100bn was pumped into Asia-based growth-stage technology companies in 2020 and 2021. This fell by more than half over the next two years, and the running total for 2024 is USD 5.7bn. Markets that relied on global investors to lead these rounds – notably India and Southeast Asia – have been especially hard hit. Mars Unicorn Fund wants to fill the gap, though not in a conventional sense.