EMAIL DETAILS
SUBJECT:
RE: Digital Marketing Company (And Lycos Owner) Ybrant Digital Raises $48 Million
PRI: NORMAL
FROM:
N
ncallahan@rosemontseneca.com
DATE:
2011-01-18 14:07:45
MSG_ID:
<000e01cbb719$15432b20$3fc98160$@com>
RECIPIENTS:
TO:
D
darcher@rosemontseneca.com
E
'Eric Schwerin'
<eschwerin@rosemontseneca.com>
H
'Hunter Biden'
<hbiden@rosemontseneca.com>
M
mmuldoon@rosemontseneca.com
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Time to raise our prices! ---------------------------------------------------------------------------- -------------- Neil Callahan Rosemont Seneca 401 Greenwich Street, Suite 400 | New York NY 10013 | 212-933-9965 | 212-796-4037 1010 Wisconsin Avenue, Suite 705 | Washington DC 20007 | 202-333-1880 917-945-9516 (mobile) 866-749-8879 (fax) From: Eric Schwerin [mailto:eschwerin@rosemontseneca.com] Sent: Tuesday, January 18, 2011 8:37 AM To: Hunter Biden; ncallahan@rosemontseneca.com; darcher@rosemontseneca.com; mmuldoon@rosemontseneca.com Subject: Digital Marketing Company (And Lycos Owner) Ybrant Digital Raises $48 Million <http://feedproxy.google.com/~r/Techcrunch/~3/6Ac45GnSgPE/> Digital Marketing Company (And Lycos Owner) Ybrant Digital Raises $48 Million Looks like investors are increasingly looking at India for financing fast-growing Internet companies. Helion, Accel Partners and Tiger Global just <http://techcrunch.com/2011/01/18/online-retailer-letsbuy-com-raises-6-milli on-from-helion-accel-tiger-global/> pumped $6 million into ecommerce site <http://www.letsbuy.com/> LetsBuy.com, and now digital marketing company <http://www.ybrantdigital.com/> Ybrant Digital has <http://www.businesswire.com/news/home/20110118005914/en/Ybrant-Digital-Secu res-48-Million-Funding> announced the closing of a <http://www.crunchbase.com/company/ybrant-digital> $48 million round of funding, as combination of debt and equity. Ybrant Digital says it 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 <http://www.crunchbase.com/financial-organization/oak-investment-partners> Oak Investment Partners, participated in the new financing round; joined by current investors, Asia Pacific Capital, as well as ICICI Bank. If the name Ybrant Digital sounds familiar, it's probably because of its acquisition of search portal <http://www.crunchbase.com/company/lycos> Lycos last year, for <http://techcrunch.com/2010/08/16/lycos-ybrant/> $36 million. Founded in 2000, Ybrant Digital boasts offices in 20 countries, including US, Argentina, Brazil, Chile, Uruguay, Mexico, UK, France, Germany, Sweden, Ukraine, Serbia, Israel, China, India, and Australia. The company provides digital solutions to brands like SAP, Porsche, UPS, Chevrolet and Lufthansa. Ybrant Digital has partnerships in place with publishers like Facebook, Google, MSN, Yahoo!, Viacom and About.com. Assuming the information in CrunchBase is still accurate, the Hyderabad, India-based company has raised a whopping <http://www.crunchbase.com/company/ybrant-digital> $103 million to date.
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