Fork Media, one of the fastest growing ad tech companies in India, has announced a majority stake acquisition of Inuxu Digital Media Technologies Pvt. Ltd., a digital ad technology platform.
With this investment Fork will be the largest in-image advertising platform in the APAC region purely in terms of inventory volume. The acquisition will be completed over two years and Inuxu will launch its products in Southeast Asia.
The transaction will allow Fork to steer their media business and offer strong data led solutions across an audience of more than 50 million monthly unique visitors. Also, this will leverage existing offerings as distribution channels for brands to engage with their target segment. The existing management team of Inuxu will continue operating their business with Fork stepping in to provide growth capital, technology, infrastructure and sales support.
Launched in March 2013, Fork Media is based out of Mumbai and has offices in Delhi and Bengaluru. Fork has also forayed into the international market with the launch of its GCC operations in Dubai in 2014 and will soon to begin expansion to Southeast Asia, with headquarters in Singapore.
Commenting on the acquisition, Fork founder and CEO Samar Verma said,
The partnership further develops our existing, trusted relationships with premium publishers, agencies and advertisers in a mutually beneficial manner. This investment allows us to continue to develop our technology and offer our clients a platform which is customized to their requirements.
Named The Start Up of the Year (Ad Tech) -2015 Inuxu owns ‘adgebra’, a multi-device ad tech platform, delivering relevant high impact ad units with in-built audience segments, data management platform, and fraud protection. Since its inception three years ago, it has showcased tremendous growth and success in the ad tech world. Its clienteles comprises 150 clients including American Express, Wai Wai Noodles, Horlics, Gillette, Lava Mobile, SOTC, Cadbury, along with many premium publications.
Its proprietary audience data & inventory marketplace platform Adgebra, uses highly advanced mathematical algorithms to generate custom audience segments and deliver precise campaigns paired with engaging elements.
Inuxu and Fork as a single force will be able to reach 50mn unique users serving 4bn plus impressions per month offering unmatched reach and user engagement for brands thereby leading the market share.
said Inuxu Founder and CEO Rohit Bagad.