Digital Marketing Platform Logicserve Bags INR 80 Cr Funding, Rebrands As LS Digital

Digital Marketing Platform Logicserve Bags INR 80 Cr Funding, Rebrands As LS Digital

SUMMARY

Alternate asset management firm Florintree has picked up a 35% stake in LS Digital

LS Digital is also in talks to raise a Series B funding round of about INR 200 Cr in the coming three to fours months at a valuation of INR 1,000 Cr: Report

LS Digital will use the funding to strengthen existing media capabilities and formulate an inorganic growth strategy to expand to other territories

Digital marketing startup Logicserve Digital on Saturday said that it has raised funding from alternate asset management firm Florintree Advisors. However, it didn’t disclose the funding amount.

According to a report by The Economic Times, the startup raised INR 80 Cr and divested 35% of its stake to Florintree.

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