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December 30, 2012

Deal Alert: Multiples to invest in Rs.100-Cr in mobile ad firm Mogae Media: report

Multiples Private Equity is to purchase a significant stake for Rs.100 crore in Mogae Media, a Mumbai-based mobile advertiser owned by former Dentsu India chairman Sandeep Goyal and his wife Tanya Goyal. The deal marks Multiples’ sixth investment since launch in 2011.Mogae Media, started early this year, is now the sole and exclusive partner of Airtel to sell its advertising inventory across voice, text, data and also Direct to Home (DTH) to its 186 million subscribers across India.

Sandeep Goyal had sold his undisclosed stake in Denstsu India to Japanese Partner Dentsu Inc for Rs.240 crore earlier.

Source: Economic Times

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