Tyroo and Anurag Gupta acquire DGM India for $0.6mn

Tyroo, a SVG company has announced the acquisition of DGM India alongwith DGM India’s Managing Director Anurag Gupta for INR 3.35 Crores ($0.6mn).dgm-logo

Anurag Gupta, DGM India’s founder, promoter and Managing Director says “I am excited to take DGM India along with India’s largest digital media group. DGM India has a superb team, technology and leadership in the performance business. DGM is on a very fast growth rate and will end the year with USD 5 –6 Mnannual revenue. We are launching other DGM Products in market very soon and enhancing our technology”

Post this acquisition, both the companies will continue to run separately. Anurag will continue to be the Managing Director of DGM and Tyroo Direct, Tyroo’s performance network arm, will be continue to be headed by Siddharth Puri.

In terms of payouts, DGM India’s parent company Asia Digital Holdings (ADH) will receive INR 2.36 Crores by May 2012 and will transfer DGM India’s IP to Tyroo.

Last year, Yahoo India sold its stake in Tyroo to Xplorer Capital.

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