Laqshya Media Group acquires the prominent Digital Agency, Digitalabs
The move is in line with the Groups’ ambition to emerge as a major player in the fast-growing digital marketing segment
The 21-year-old communications conglomerate, Laqshya Media Group has announced the acquisition of Digitalabs, a prominent digital marketing agency, based out of Noida.
Recognized as a powerhouse in the field of OOH and recipient of the highest number of awards in the Events and Experiential Marketing space during 2016 and 2017, this acquisition marks the acceleration of the groups’ ambition to make its mark in the Digital marketing domain too.
The seven-year-old Digitalabs, co-founded by Rakesh Tulsiani and Agam Chaudhary, is based in Noida and is well known for its solution-based approach towards digital marketing. Staffed by over 40 people, Digitalabs handles clients across multiple categories like electronics, finance, travel, education, insurance, and serves clients in overseas markets like Australia, New Zealand, UK and Singapore, apart from India. Digitalabs is one of the few agencies who have a mobile-first approach, and all Digital strategies are built targeting the Mobile generation.
On this development, Rakesh Tulsiani, who is now the COO of the Division said” For years Digitalabs has facilitated brands with conceptualizing and implementing fully integrated Digital marketing strategies which stem from nothing but data and numbers. We plan to continue the same mission as part of Laqshya Media Group. Sharing the same set of values, partnering with them will not only strengthen our base, it’ll add to the diversity of customers we’ll serve”.
Agam Chaudhary, Co-founder of Digitalabs and now CMO of the Division, expressed his views on the acquisition. He said “At Digitalabs we’ve always been a technology driven digital marketing solutions company and with Laqshya, while we strengthen that, our clients will now reap the benefits of getting serviced by a much bigger agency with further specialized and integrated solutions. Digitalabs as part of Laqshya will now go on to define the next generation of digital marketing.
Commenting on the acquisition, Alok Jalan, managing director of the Laqshya Media Group said ‘‘This is a natural corollary to our expansion into all communication platforms that help our clients engage with the millennials. Technology will be at the center of all our offerings to our clients & Digitalabs’ first mandate is to look at convergence between OOH, experiential and digital”.
With offices in 25 cities and over 300 employees, the Laqshya Group works with over 200 blue chip corporates across all its divisions.
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