PRESS RELEASE

Capital18, the venture capital and private equity arm of Network18 announced an investment in Webchutney, India‘s leading full service interactive agency. Webchutney aims to leverage the funding for scaling up operations and fuelling growth while Capital18 shares the passion and commitment of the agency’s co-founders towards building an enviable digital agency business.

The Investment is recognition of Webchutney’s cutting-edge award-wining creative work, talent, repertoire of clients and hunger for growth. The agency is uniquely poised to be one of the most significant players in the booming Indian Digital landscape. Commenting on the development, Sarbvir Singh, MD, Capital18 said that,” this investment made sound sense to us because Webchutney has been one of the most successful and consistently growing agencies in the Indian digital space. With its robust client portfolio and full service model, Capital18 recognizes the immense potential that the agency possesses.”

“With this investment, we can continue to operate independently in an environment where digital agencies face an increasing pressure to align themselves with established networks,” believes Sidharth Rao, CEO and Co-founder of Webchutney.