TIW Private Equity on Wednesday said it has acquired a majority stake in Mumbai-based digital platform management firm Digital Refresh Networks for USD 6 million.
"The deal size is about USD 6 million, giving Digital Refresh bandwidth to strengthen their core services and for acquisitions," a statement said.
Digital Refresh Networks (formerly Digital F5) was founded in 2011 by Ravi Dubey and Barin Mukherjee.
The company plans to utilise the proceeds from the investment to strengthen its expertise in content creation, the statement said.
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3rdFlix raises $5 mn led by Exfinity Ventures *
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Cashflo raises $3.3 mn in funding *
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