Digital media network company Komli Media raised $6 million of venture capital funding from existing investors Nexus Venture Partners, Helion Venture Partners and Draper Fisher Jurvetson. “The funding will be used to accelerate the company’s overall growth, including its expansion across Asia Pacific.
The team at Komli Media has been focused on developing technology to help the online advertising ecosystem and this core investment in its platform is driving rapid progress in its mission to be a leader in Asia Pacific’s markets,” said Ashish Gupta of Helion Advisors, which was lead investor in the current round of funding.
In June, the Mumbai-based start-up had acquired Australian website representation firm Post Click to extend its reach in the region. Komli Media’s digital media network represents over 1,500 websites today, including sites such as Facebook, Expedia and Bloomberg.
“With India’s Internet user base growing over 50 million and increasing broadband penetration, we see an acceleration of growth in the digital advertising market. The largest brand advertisers in India are now demanding a much higher share of digital and social media in their overall marketing plans. We will continue to make India a top priority of our growth plans,” said Prashant Mehta, chief operating officer of Komli Media.
Source: Economic Times