Lanchpad

Dentsu India acquires digital agency WATConsult at a valuation of Rs 180-200 crore

Dentsu Aegis
Network India has acquired WATConsult, a digital and social media agency,
reports the Economic Times. 
According to the
report, Dentsu has bought upwards of 75% stake in WATConsult at a valuation of
anywhere between Rs 180-200 crore.

Dentsu Aegis
Network India has acquired WATConsult, a digital and social media agency,
reports the Economic Times. 
According to the
report, Dentsu has bought upwards of 75% stake in WATConsult at a valuation of
anywhere between Rs 180-200 crore.

Founded in 2006
by Rajiv Dingra, WATConsult has offices in Mumbai, Bangalore, Delhi and Kolkata
and employs about 150 people. The company specializes in services like creative
design, digital media planning and buying, social media marketing, web and
mobile development, online reputation management and digital video services. It
also counts Nikon, SAP PVR Picture, Mahindra and Godrej as its clients.

Rajiv Dingra, CEO
at WATConsult, will continue his role at the company and will report directly
to Ashish Bhasin, Chairman and CEO South Asia Dentsu Aegis Network. He will
also join the Digital Council that Dentsu formed in India last year with the
heads of its three existing digital agencies — Web Chutney CEO and Co-founder
Sidharth Rao, Isobar India MD Shamsuddin Jasani and iProspectCommunicate2 MD
Vivek Bhargava. 

In May 2013,
Dentsu India had acquired 80% stake in the digital advertising agency and
consulting firm WebChutney and had mentioned that Webchutney will become a wholly
owned subsidiary of Dentsu India by 2017.

The digital
companies of Dentsu contribute nearly 30% of its overall revenues in India. 

 

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close