{"id":20613,"date":"2016-08-22T18:49:33","date_gmt":"2016-08-22T13:19:33","guid":{"rendered":"http:\/\/officechai.com\/?p=20613"},"modified":"2016-08-22T19:31:18","modified_gmt":"2016-08-22T14:01:18","slug":"media-net-acquired","status":"publish","type":"post","link":"https:\/\/officechai.com\/stories\/media-net-acquired\/","title":{"rendered":"This Indian Company That You Probably Haven’t Heard Of Was Just Sold For $900 Million"},"content":{"rendered":"

There are 2 kinds of startups. Those that are constantly in the news with their founders giving quotes, talking about funding rounds, and sharing their success mantras. Then there are others\u00a0that work quietly in the background, without any hype or\u00a0hoopla, but then burst onto the scene with news that leaves the ecosystem stunned. Media.net belongs very firmly to the latter category.<\/span><\/p>\n

\"Div-Turakhia-web\"<\/span><\/p>\n

Indian firm Media.net has just been acquired<\/a><\/span>\u00a0for $900 million (Rs. 6300 crores) by a Chinese consortium and will be integrated into Beijing-based Miteno. This value is tantalizingly close to the hallowed $1billion valuation that the media seems to rave about, and gives firms like Zomato, InMobi, and ShopClues cult status. Yet most people have barely heard of Media.net.<\/span><\/p>\n

Media.net is a a subsidiary of the Directi Group<\/a><\/span>, which\u00a0is a Mumbai-based company run by brothers Bhavin Turakhia<\/a> and\u00a0Divyank Turakhia. The company\u00a0provides a suite of products for creating, targeting, and evaluating advertising campaigns. It\u00a0supports publishers by connecting them to relevant ads\u00a0via their Yahoo! Bing network.\u00a0Media.net\u2019s publisher inventory\u00a0is available through major demand-side platforms and ad-exchanges.<\/span><\/p>\n

Media.net was founded\u00a0by serial internet entrepreneur, Divyank Turakhia,\u00a0who has an incredible<\/a><\/span> entrepreneurial story.\u00a0He began his career at the age of 14 when he started advising large businesses on how to do business on the Internet. As a 16-year-old high school student in 1998, he co-founded the Directi Group with a $600 investment. Turakhia became a millionaire at 18, saw his company’s customer base pass 100,000\u00a0at 21 and its valuation cross $100 million when he was 23. At 25, he watched that valuation triple. With the acquisition of Media.net, Turakhia has become a billionaire (or a member of the three comma club), a fact he shared on his Facebook after the deal.\u00a0<\/span><\/p>\n

The deal is also a significant milestone in the ad-tech space, having become the third largest ad-tech deal ever. It now ranks\u00a0ahead of Google\u2019s $750 million dollar acquisition of AdMob in 2010 and Twitter\u2019s\u00a0$350 million dollar acquisition of MoPub in 2013.<\/span><\/p>\n

\"divyank<\/p>\n

In addition to being a successful entrepreneur, Turakhia seems to enjoy living life on the edge. He flies a Cessna plane, has his own personal chopper, and has pictures up on his Facebook where he’s standing\u00a0atop an airborne\u00a0plane. His latest deal has certainly sealed his place among the stars.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Indian firm Media.net has just been acquired by $900 million by Chinese conglomerate.<\/p>\n","protected":false},"author":1,"featured_media":20615,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[254,46],"tags":[],"class_list":["post-20613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startups","category-stories"],"yoast_head":"\nThis Indian Company That You Probably Haven't Heard Of Was Just Sold For $900 Million<\/title>\n<meta name=\"description\" content=\"Indian firm Media.net has just been acquired by $900 million by Chinese conglomerate.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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