Komli Media to expand in Asia Pacific, raises $6 Million

Mumbai: Digital media network company Komli Media has secured $6 million in additional funding from existing investors Nexus Venture Partners and Draper Fisher Jurveston. The ad network will use the funding to expand their presence across Asia Pacific region. Komli had raised $7 million from the same investors in 2008.

Mumbai based Komli Media has recently acquired Australian firm PostClick, as it began expanding across Asia Pacific. Currently, Komli Media's digital media network represents more than 1,500 websites, including sites such as Facebook, Expedia and Bloomberg, reaching 30 million users across different categories and regions. In India, Komli competes with the AdMagnet, NetworkPlay, Ozone Media, Tyroo.

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Amar Goel, Founder & CEO, Komli Media said, "We are excited by the continued commitment from our investors. With over 90 people across eight offices, Komli Media will now be able to better service the needs of both our global and local partners."

"The team at Komli Media has been focused on developing amazing technology to help the online advertising ecosystem and this core investment in its platform is driving rapid progress in its mission to be a leader in Asia Pacific's markets. We are excited to continue to work with this great team," said Ashish Gupta of Helion Advisors.

With Indias Internet user base growing over 50 million and increasing broadband penetration, the company will continue to focus India as a top priority of their growth plans.