LS Digital buys digital agency Langoor's 60% stake after Rs 80 cr funding
Digital marketing startup Logicserve Digital (LS Digital) has raised funding of Rs 80 crore. The company has purchased a majority stake in digital agency Langoor with the fresh finance. One of India's major integrated digital marketing agencies, Logicserve Digital (LS Digital), has secured Rs 80 crore in funding from Florintree Advisors, an alternative asset management firm. LS Digital is currently in talks to raise Rs 200 crore in its Series B funding round in the next 3-4 months at a valuation of Rs 1,000 crore. Prasad Shejale, founder and CEO, Logicserve Digital , said, "We have major plans. We are more than simply an agency; we are a revolutionary platform, which is why we are renaming the firm LS Digital. It's a platform that will provide brands integrated solutions across the consumer experience." LS Digital has purchased a majority share in Bengaluru-based digital agency Langoor for an undisclosed sum with the new finance. Langoor, foun...