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Mergers & Acquisitions | 29 February 2012

Komli Media Acquires SoftBank Backed AdMax Network

by Irfan Khan
 
@irfan
@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.

Rapid Nutrition To Acquire 74% Stake In Cheminnova Remedies

Hyderabad based Chemminnova Remedies has entered into JV agreement with Australia based Rapid Nutrition Ltd.

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Grocery E-Tailer BigBasket Plans PE Fund Raise

Bangalore based grocery e-tailer BigBasket is planning to raise around R300 Cr to expand its presence in Delhi, Chennai, Pune and Ahmedabad. It had recently raised $3 Mn from Singapore based investor.

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