Online Marketing Company Ybrant Digital Raises $48 Million
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
Ybrant Digital is an Indian based online marketing company that plans on going public this year. The company has raised $48 million in a new round of funding, putting them at a total of about $100 million. This round was a combination of debt and equity. Oak India Investments, an affiliate of Oak Investment Partners participated in this round. Current investors Asia Pacific Capital and ICICI Bank also participated in this round. This is Ybrant’s fourth round of funding.
Ybrant Digital plans to use the funding to develop new technology, acquire other companies, and expand internationally. Ybrant is also known for acquiring Internet search company Lycos.com for $36 million in a stock deal. Ever since Ybrant started in 1999, they have acquired 6 companies. Ybrant used to be known as USAGreetings.com. Ybrant has 16 offices across the globe.