Affle raises over INR 50 crores investment from D2 Com

New Delhi: Affle, Asia’s leading mobile media company today announced that it has secured over INR 50 crores investment from D2 Communications Inc (D2C), Japan’s largest mobile advertising company. The two companies had entered into strategic alliance, backed with a token investment from D2C earlier this year and this follow-up investment round further strengthens their association. D2C is a subsidiary of NTT Docomo, INC. in joint venture with DENTSU INC in Japan.

D2C now joins Microsoft Corporation, Itochu Corporation, Bennett Coleman & Company Limited and Centurion Private Equity as top tier Series A & Series B primary investors in Affle. This second round of investment is a validation that D2C and Affle view each other as significant partners in growth and that the leadership teams’ on both sides share common goals of global leadership in mobile advertising and mobile products. Freshly raised capital will be used for consolidation of product development efforts and in further strengthening Affle’s business in existing Asian markets and launching in newer markets.

Anuj Khanna Sohum, Chairman, Affle Group of Companies, said, “We are delighted to announce the deepening of our relationship with D2C, one of the most experienced & successful mobile advertising companies in the world. There are perfect synergies in our respective visions of being globally prevalent mobile media companies with great products which benefit consumers and ad industry alike. With our greater strategic association we plan to significantly further Affle’s product portfolio and traction to deliver greater value to our users and mobile media partners globally.”

Takayuki Hoshuyama, CEO, D2 Communications, said, “Our partnership with Affle brought us immediate results; truncating the learning graph for the markets we have wanted to enter. We have been very impressed with the significant growth Affle has had over the last few years and value Affle’s deep knowledge of mobile consumer behaviour, relationships with large telecom companies and advertisers. We believe that developing Asian markets have huge untapped potential for mobile advertising and are confident that our experience from Japan would help Affle become the dominant mobile advertising player in these mobile-first markets.”

Affle has enjoyed tremendous success across Asian markets through it leading mobile messaging solutions; Pinch, SMS2.0 Live among others. On the business side Affle’s success has been driven via partnerships with 10 leading telecom companies with a combined reach of over 500 million subscribers with whom they create innovative and effective mobile advertising solutions. Over 100 top tier advertisers have been regularly using Affle’s products & platforms to deliver effective & engaging campaigns.

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