Komli Media Acquires SoftBank Backed AdMax Network
by Irfan Khan
@Norwest_Venture backed Komli Media has acquired online advertising network AdMax Network, according to pluggd.in.
This is Komli Media's fifth acquisition. Last year, it acquired 100% stake in Los Angeles-based mobile ad network platform, ZestAdz. Last year, it also acquired Singapore-based online advertising firm, Aktiv Digital, while in 2010, it acquired Australia-based site representation company, PostClick and UK-based online advertising firm, Indoor Media.
Admax Network Pte Ltd. was founded in 2006 and is based in Singapore. The company has additional offices in Thailand, Malaysia, Singapore, Indonesia, the Philippines, Australia, and Vietnam. Admax Network Pte Ltd. operates as a subsidiary of Digital Marketing Solutions Company Limited.
Bangalore based ZoomCar India Private Limited, a self-driven car rental startup, has raised $8 Mn in new round of funding led by Sequoia Capital India. Other investors include former Infosys CFO Mohandas Pai and Manipal Group's head of corporate affairs Abhay Jain.
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