MoMagic Secures Funding From Foxconn’s Subsidiary FIH Mobile

MoMagic Technologies today announced that FIH Mobile Limited ( a subsidiary of Foxconn Technology Group) has made an investment to acquire 10% stake in MoMagic.Mo magic

The investment will further strengthen FIH’s business presence in India and as part of the two companies’ shared goal of tapping significant business opportunities in India.

MoMagic, works across all the widely used mobile platforms and in the area of mobile Internet services, offering technology-backed innovative and analytically-driven marketing solutions to enterprises, startups and e-commerce players.

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