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Dentsu Aegis Network Acquires Digital Media Network Company, SVG Media

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Dentsu Aegis Network Acquires Digital Media Network Company, SVG Media

Global digital marketing communications company, London-headquartered Dentsu Aegis has acquired Gurgaon-based SVG Media, which is one of the largest independent digital agencies in India owned by Smile Group.

SVG Media is currently operating several businesses including mobile and digital advertising, in-app video platform and data targeting through its units like Seventynine, Tyroo, DGM, and Komli.

While the transaction terms have not been disclosed yet, Dentsu is said to have paid $110 -$125 million to acquire SVG Media from the Smile Group. This Gurgaon-based company has reported a revenue of Rs.200 crore and profit before tax of about Rs.14 crore in the financial year ended March 2016.

The spokesperson from SVG Media confirmed the reports, however, declined to provide details, citing confidentiality. Dentsu too did not provide much information regarding this deal. SVG Media will become a part of Dentsu’s Asia Pacific digital marketing agency Columbus and thus will be renamed as SVG Columbus.

Post acquisition, Harish Bahl and Manish Vij, the founder and co-founder of the Smile Group will exit as Directors of SVG Media.

This marks the third largest strategic acquisition in the Indian market. It was in September last year when Global payment service provider PayU acquired Mumbai-based payments technology company Citrus Pay for $130 million. And also in October, travel operator, MakeMyTrip acquired smaller rival ibibo group, making itself India’s largest online travel company worth $1.8 billion.

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How a Golden Retriever Became the Heart and Soul of a Hyderabad Startup’s Workplace

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Golden Retriever in workplace

Hyderabad-based startup Harvesting Robotics has won hearts online by appointing a golden retriever named Denver as its Chief Happiness Officer (CHO). Denver, introduced by co-founder Rahul Arepaka in a viral LinkedIn post, has quickly become the star of the office, spreading joy and boosting morale among employees. The company is now officially pet-friendly, a move Arepaka calls their “best decision.”

Denver’s new role has sparked widespread attention, with thousands liking and commenting on the announcement. Many see Denver’s presence as more than just a cute story—it highlights a growing trend of pet-friendly workplaces that prioritize employee well-being and happiness. As companies increasingly focus on holistic wellness, Denver’s appointment shows that sometimes, a wagging tail is the best way to brighten the workday.

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Info Edge Shareholders Approve ₹1,000 Crore Investment in New Venture Fund

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Info Edge

Info Edge (India) Ltd shareholders have overwhelmingly approved an investment of up to ₹1,000 crore in the company’s third venture capital fund, Info Edge Ventures Fund III. The proposal received near-unanimous backing, with 99.9995% of valid votes in favor out of 1,274 participants.

Smartweb Internet Services Ltd, a wholly owned Info Edge subsidiary, will act as sponsor and investment manager for the new fund. This move strengthens Info Edge’s commitment to backing early-stage startups and expanding its footprint in India’s venture capital landscape.

Info Edge has a strong track record as an early investor in leading Indian startups like Zomato and PB Fintech, with combined holdings in these firms valued at ₹31,500 crore ($3.7 billion) as of March 31, 2025.

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PayU Gets Final RBI Nod to Operate as Payment Aggregator Ahead of 2025 IPO

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PayU

PayU India, owned by Prosus, has received final approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator, a year after getting in-principle approval in April 2024. This authorization allows PayU to onboard new merchants and offer digital payment solutions, joining other major players like Razorpay, CCAvenue, and BillDesk.

The RBI’s nod comes as PayU prepares for its planned IPO in the second half of 2025, following a delay from its original 2024 timeline due to market conditions. The company, which serves over 450,000 merchants, reported $319 million in revenue from its core payments and credit business in the first half of FY25.

PayU stated that the approval will help it build a resilient, compliant, and innovation-driven institution, supporting merchants of all sizes and advancing the Digital India vision. The company has also strengthened its risk management and expanded its presence in real-time payments through a strategic stake in Mindgate Solutions.

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