India-based Ybrant Digital snags more funds

Will use fund to expand

India-based digital marketing firm Ybrant Digital has said it had received $ 48 million through a fresh round of funding from investors, including Oak Investment and one of India's leading bank, ICICI.

According to India's Press Trust of India (PTI), Ybrant Digital, has received the capital as combination of debt and equity. The firm is expected to use the fresh funds to develop new technology & expand internationally.

The current round of funding has seen participation from Oak India Investments , an affiliate of Oak Investment Partners , Asia Pacific Capital and ICICI Bank. he company has received about $ 53 million in earlier rounds of funding. Ybrant Digital provides digital solutions to brands like SAP, Porsche , Ford , UPS, Swissair, Chevrolet, 3M , Jeep, US Army, LaSalle and Lufthansa.

Founded in 2000 and headquartered in India, Ybrant Digital has offices in 20 countries, including US, Argentina, UK, Germany, Israel, China and Australia.