TIW Private Equity acquires a majority stake in Digital Refresh
CHENNAI: private equity and purchase firm TIW Private Equity On Wednesday he announced that he has acquired a majority stake in the digital platform management company. Digital update Networks for $ 6 million.
The company plans to use the investment income to strengthen its experience in content creation.
“The company has been able to acquire and retain quite a few marquee clients, which gives us a lot of confidence as far as business sustenance goes. We also believe that the macro for digital consumption, driven by higher internet adoption and evolving consumer behavior, is fairly solid. Significant value can be unlocked in this space by focusing on cost efficiencies around operating processes u0026 through acquisitions, ”said Mohit Ralhan, managing partner and chief investment officer, TIW Private Equity.
“We are extremely happy to partner with TIW Private Equity in this journey ahead. We believe their ability to drive operational efficiencies and scalability of business. This should help us in overall growth, as well as sustenance of margins”, added Barin Mukherjee, co-founder and CEO of Digital update Networks.