Saturday, April 8, 2017

Desiredwings.com acquired Catapooolt.com for undisclosed amount

Crowdfunding platform promoters Desiredwings.com has acquired Catapooolt.com for an undisclosed amount. After acquisition both will stay in market focusing on different segments of the crowdfunding industry.


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DesiredWings co-founder Shabir Momin said, Post this acquisition, we have secured the leadership position in the industry and now with the combined strength of both the brands, we can grow faster and also help shape this industry. Currently, the international market size of crowdfunding is USD 32 billion. Asia has a huge potential of start-ups and entrepreneurs delivering great innovations and concepts to the world. Fuelled by crowdfunding support, they can leapfrog to a higher growth trajectory.

Catapooolt Managing Director Satish Kataria said, I see a much larger and structured growth with a new vision which helps us together cover larger geographies and industry verticals.


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