Komli Media raises USD 30 Mn from Peepul Capital and existing investors

komliDigital media technology firm, Komli Media has raised USD 30 Mn in a recent funding round led by Peepul Capital and existing investors Norwest Venture Partners, Nexus Venture Partners, Helion Venture Partners and Draper Fisher Jurvetson.

The company plans to invest the latest funding amount in its key technology platforms and to strengthen its presence through integrated go to market solutions across the Asia Pacific (APAC) region.

“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,” said Prashant Mehta, Chief Executive Officer, Komli Media

As a media technology company, Komli provides solutions across display, mobile, video, social, search and data for marketers, agencies and publishers. The Company recently integrated ATOM into Facebook’s RTB (Real-Time-bidding) platform – Facebook Exchange (FBX).

This funding round takes total funds raised by the company to USD 90 Mn, which includes a USD 39 Mn Series D round led by Norwest Venture Partners and other investors.

The company has made a number of acquisitions including a Singapore based digital media company Aktiv Digital, a mobile ad platform ZestAdz, an ethnic marketing firm Indoor Media and a website representation firm PostClick.

Avendus Capital was the leading financial advisor to Komli Media on this transaction.

Komli Media is headquartered in Mumbai, with over 300+ employees across 12 offices in India, Australia, New Zealand, Southeast Asia and Middle East.

To contact author, email pooja.sareen@wirefootindia.com

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