Lack Of Patience And Capital Making India Biggest Consumer Of AI: InMobi’s Mohit Saxena
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India’s AI market is projected to expand 5.3x over the next five years, reaching $126 Bn by 2030. However, the road ahead is still long, and India remains far behind in AI, according to Mohit Saxena, the cofounder & CTO at InMobi & Glance.
“We are competing with the US on one side and China on the other. The US has trillions in funding and access to chipsets, while China is a manufacturing powerhouse,” Saxena added.
Speaking at the third edition of Inc42’s AI Summit in Bengaluru during a fireside chat with Ankur Pahwa, managing partner at PeerCapital, Saxena said that scarcity and limitations often drive innovation, and China has successfully navigated such constraints. Not getting access to Nvidia was probably the best thing that happened to them, he said, adding that the neighbour has invested a lot of time and commitment in building tech, which is currently missing in India.
“To build a chip, it takes 20 years of commitment from VCs, founders, and the entire ecosystem. We [India] don’t have that kind of patience or capital. At best, we are one of the biggest consumers of what the world has to offer, and I think that is killing our own innovation,” he said.
During the discussion, he also spoke about InMobi’s playbook on cost efficiency, latency, defensibility, and global expansion, as well as the future of commerce when AI becomes the interface and agents become the decision layer.
“One of the key things we have learnt over the last two decades is that performance, cost, and efficiency are everything. AI is just one part of it,” he said.
Founded in 2007, InMobi provides adtech and monetisation solutions and operates platforms like Glance and Roposo. It has raised over $400 Mn from SoftBank and the ilk. In May 2026, InMobi acquired San Francisco-based company MobileAction to boost AI-driven app marketing on iOS.
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