The digital agency has been in the news for the past few months as Japan’s media agency Dentsu was viewed as a probable suitor.
The deal will provide Yahoo with a much-needed platform in social media to reach a younger generation of users less tied to Yahoo's traditional Web portal and email services.
With this round of funding, the total amount raised by the company exceeds $1.5 million.
The IPO will see a dilution of 25.02% stake, which will value the company between Rs 3,290 crore and Rs 3,800 crore.
Investors in the QIP include Nomura, L&T Mutual Fund, DB International and Abu Dhabi Investment Council.
The transaction will be the largest private equity deal in India's cable & satellite space.
The private investment firm, founded by media mogul Haim Saban, will look at deals across segments like broadcasting, DTH, content creation, internet/new media, intellectual properties and telecom.
If the deal went through, Inox would have become the biggest multiplex player in India, a position it lost to PVR last year.
The acquisition will enable MWG India to boost its database marketing capabilities and increase its presence in the technology sector.
Headquartered in London, MirriAd has developed a platform to digitally integrate brands with video content.
In 2012, Nirvana Venture Advisors, the early-stage VC fund of the Patni family, acquired 10% stake in the co from VC & PE investors and employee shareholders.
Prime Focus is separately forming a JV with AID Capital to provide media production services in China, Hong Kong, Macau and Taiwan.
With these two acquisitions, the company wants to tap the mobile gaming markets in Japan ($5.5 billion) and South Korea ($1.3 billion).
The money has been raised from SDSS Management Services LLP, which has so far invested in four startups operating across various business verticals.
In November 2012, PVR struck a deal to acquire the entire 69.27% stake held by Cinemax promoters in a deal backed by PE firms Multiples and L Capital.
HT Burda Media counts as its clients Unitech, Cairn, Spicejet, Tata Motors, ABB, Larsen & Toubro, Hindustan Unilever, Sahara, DLF and Lupin.
The fund had invested an undisclosed amount in the company in October 2007.
Two years ago, the PE firm proposed to exit from Ortel completely but did not go ahead with the public issue.
The current IndiaCast management headed by its CEO Anuj Gandhi will manage the JV.
The firm’s India operations head believes there are quite a few promoters in the media & entertainment space who need strategic capital.
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