25th October 2013 | Mumbai | Investment Banking
Komli Media, Asia Pacific’s leading digital media technology platform, has raised $30 million from new investor Peepul Capital. Existing investors, Norwest Venture Partners, Nexus Venture Partners, Helion Venture Partners and Draper Fisher Jurvetson also participated in the funding.
The company has raised Funds to capitalize on key technology platforms and to strengthen its presence through integrated solutions across the Asia Pacific (APAC) region
On completing the transaction, Mr. Prashant Mehta, CEO of Komli Media said, “As digital advertising grows in a fast and fragmented manner, it has become critical for the industry to focus on delivering integrated solutions across social, mobile, display, and video.We have already seen strong adoption of our integrated solution along with algorithmic trading. With the increased funding, we plan to deepen our focus on innovative technologies, such as real time bidding (RTB), to deliver significantly greater value to our customers.”
Mr. Venkat Shankar, Investment Director at Peepul Capital said, “We believe that India and South East Asia are at an inflection point in embracing digital advertising. Komli is a leading player in these key markets and with its technology platform, wide product suite and exceptional leadership team, the company should consolidate its current position even further”
Avendus Capital was the lead financial advisor for this transaction.
Commenting on the transaction, Mr. Puneet Shivam, Executive Director, Head of US and Co-head BPO
at Avendus Capital, Inc said, “Digital advertising will grow very significantly in the region. We believe Komli, driven by its technology platform, strong reach and world class management team will win big in this market. With this deal we continue our tradition of partnering with market leaders in the digital space and helping them create significant value”