Affle, a Singapore-based mobile media company, has secured over $10m investment from D2 COMMUNICATIONS Inc., a Japan large mobile advertising company.
D2C, a subsidiary of NTT DOCOMO, INC. in joint venture with DENTSU INC in Japan, joins Microsoft Corporation, Itochu Corporation, Bennett Coleman & Company Limited and Centurion Private Equity as Series A & Series B investors.
The company intends to use the capital for consolidation of product development efforts and for further strengthening of its business in existing Asian markets and launching in newer markets.
Led by Chairman Anuj Khanna Sohum, Affle provides mobile messaging solutions including Pinch and SMS2.0 Live, which have got over 20m downloads worldwide (http://www.affle.com/products).
It currently operates in Singapore, India, China, the UK, the US, Indonesia, Thailand and Malaysia.
FinSMEs
04/10/2011