Hyderabad based Ybrant Digital, a global digital marketing company has announced the closing of a $48 million round of fresh financing as combination of debt and equity. Ybrant Digital will use this new round of funding to grow its reach, develop new technology, expand internationally and explore acquisitions.
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.
Ybrant earlier acquired Lycos for $36million, Max Interactive, Australian Ad Network and the company has launched yReach, local search service in India.
