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Saturday, April 8, 2017 acquired for undisclosed amount

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

Also read: SoftBank may sell Freecharge at 50% discount for $200 million

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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