Reliance invests $200 million in InMobi's Glance

FILE PHOTO: A bird flies past a Reliance Industries logo installed on its mart in Ahmedabad, India January 16, 2017. REUTERS/Amit Dave/File Photo

(Reuters) - India's Reliance Industries is investing $200 million in Glance, a lock screen content company backed by Alphabet and owned by ad-tech firm InMobi, to bring the service to new Jio smartphones this year, the companies said on Monday.

The investment, made through Reliance's Jio Platforms unit, values Glance at $1.7 billion to $1.8 billion post-money, according to a source involved in the deal.