Glance Finance Limited has announced plans to significantly increase its stake in Kotson's Private Limited (KPL), a transformer manufacturing company, through a substantial investment of ₹43.51 crore. This strategic move aligns with Glance Finance's investment-focused business model, aimed at generating long-term value and capital appreciation.

Investment Details

The investment will be executed through the acquisition of 5,80,086 equity shares of KPL at ₹75 per share, comprising a face value of ₹10 and a premium of ₹65. This transaction will increase Glance Finance's ownership in KPL from the current 1.07% (1,39,570 shares) to 5.14% (7,19,656 shares), marking a significant expansion of its stake in the transformer manufacturer.

About Kotson's Private Limited

Kotson's Private Limited, incorporated on April 22, 1978, specializes in designing, manufacturing, and supplying advanced transformer solutions. The company's product range includes:

• Oil-filled transformers
• Dry type transformers
• Special purpose transformers
• Renewable energy transformers

KPL boasts a production capacity of 4,000 MVA, positioning it as a notable player in the transformer industry.

Financial Performance of KPL

KPL's recent financial performance has shown some fluctuation:

The company's turnover decreased from ₹32.51 crore in FY 2021-22 to ₹16.45 crore in FY 2022-23, with no reported turnover for FY 2023-24 as of the latest available data.

Transaction Timeline and Compliance

Glance Finance expects to complete this transaction by September 30, 2025, or an extended date as agreed upon by both parties. The company has confirmed that this is not a related party transaction, ensuring compliance with regulatory requirements.

Strategic Alignment

This investment is in line with Glance Finance's core business strategy of undertaking investment activities focused on acquiring and holding equity shares in other companies. The objective is to generate long-term value, achieve capital appreciation, and strategically participate in the growth and development of investee companies, all while adhering to applicable laws and regulatory frameworks.

Chirag Bhuptani, Company Secretary and Compliance Officer of Glance Finance Limited, has officially communicated this development to the BSE Limited, ensuring transparency and adherence to SEBI regulations.

As Glance Finance Limited expands its stake in Kotson's Private Limited, investors and market watchers will be keen to observe how this strategic investment unfolds and potentially impacts both companies' future performance and market positions.

Glance Finance , a consumer tech platform founded in 2019, has rapidly ascended to unicorn status, achieving a $1.8 billion valuation within just one year of its inception. This remarkable feat has earned Glance the title of India's fastest unicorn, according to the ASK Private Wealth Hurun India Unicorn and Future Unicorn Report 2025.

Rapid Growth and Funding

The Bengaluru-based company, operating as a subsidiary of InMobi, has attracted significant investor interest. Glance has successfully raised $390 million across four funding rounds, with notable investors including tech giant Google, Mithril Capital, and Jio Platforms. This substantial backing has fueled the company's rapid growth and expansion plans.

AI-Driven Innovation

Glance's core offering revolves around delivering AI-driven content directly to smartphone lock screens. This innovative approach has resonated with users, resulting in an impressive user base of over 235 million active users. The company is now setting its sights on expanding its AI-driven commerce platform to new markets, including the United States, Japan, and further penetration in India.

Financial Performance

Despite its unicorn status, Glance is still in its growth phase, as reflected in its financial results:

While the company has nearly doubled its revenue year-over-year, it continues to incur significant losses as it invests in growth and expansion.

Strategic Expansion and Leadership

Glance is aggressively pursuing international expansion, with a particular focus on the Japanese market. The company has set an ambitious target of reaching 10 million devices in Japan by December. To support its growth trajectory, Glance has recently appointed Mansi Jain as Chief Operating Officer, bringing in experienced leadership to guide its operations.

Financial Backing

In a move to further strengthen its financial position, Glance has secured ₹200.00 crore in debt financing from Stride Ventures. This additional capital is likely to support the company's expansion plans and ongoing operations.

Founders and Origins

Glance's success story is attributed to its founding team, comprising Naveen Tewari, Abhay Singhal, Mohit Saxena, and Piyush Shah. Their vision of transforming the smartphone lock screen into a content delivery platform has clearly struck a chord with both users and investors alike.

As Glance continues its rapid ascent in the tech world, it will be interesting to see how the company leverages its unicorn status and significant funding to drive further innovation and expansion in the competitive global tech landscape.