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New Deal


Announced

Completed

Google and Mithril Capital completed the $145m investment in Glance.

Financials

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Transaction Value£108m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private Equity

Cross Border

Minority

Completed

Online and Social Platforms

India

content platform

Private

Friendly

Synopsis

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Google, a multinational technology company that specializes in Internet-related services and products, and Mithril Capital, a provider of investment management services, completed the $145m investment in Glance, a company that delivers AI-driven personalized content in multiple languages including English, Hindi, Tamil, Telugu and Bahasa on the lock screen of Android smartphones. “Glance is a great example of innovation solving for mobile-first and mobile-only consumption, serving content across many of India’s local languages. Still too many Indians have trouble finding content to read or services they can use confidently, in their own language. And this significantly limits the value of the internet for them, particularly at a time like this when the internet is the lifeline of so many people. This investment underlines our strong belief in working with India’s innovative startups towards the shared goal of building a truly inclusive digital economy that will benefit everyone," Caesar Sengupta, Google VP.

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