Ybrant Digital raises $48 mn from Oak India, others

Ybrant Digital, the global digital marketing company, has raised $48 million round of fresh financing as combination of debt and equity, sources close to the development told VCCircle.

January 18, 2011 / 15:14 IST

Ybrant Digital, the global digital marketing company, has raised USD 48 million round of fresh financing as combination of debt and equity, sources close to the development told VCCircle. Oak India Investments, an affiliate of Oak Investment Partners, participated in the new financing round joined by current investors Asia Pacific Capital as well as ICICI Bank. Sources added that the current round of funding also involves another unnamed investor. This is the fourth round of funding into the company.

Ybrant Digital will use the funds to grow its reach, develop new technology, expand internationally and explore acquisitions.

The financing comes in the wake of a very successful year for Ybrant, characterized by its major acquisition, Lycos

first published: Jan 18, 2011 02:55 pm

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