Mobile marketing company glispa received $77 million of investment from the English holding company Market Tech Holdings, which owns real estate in London and a fashion website Market.com .
Market Tech Holdings, according to Glispa CEO Gary Lin, will receive a 75% stake in the company’s shares as a result of its investments. This share is estimated at $103 million. Glispa is dealing with investment investments for the first time, Lin noted.
The company plans to spend the funds on expanding its business. It is planned to make a number of significant acquisitions in the mobile commerce segment. The company is also going to invest money in the development of mobile advertising.
A source: http://techcrunch.com